 JulioBachatero y Que?Premium
join:2003-03-19
Brooklyn, NY
kudos:1 | reply to RobNyc
Re: The Next MetroCard said by RobNyc:said by Julio:I have a yearly single unlimited metrocard from transitchek. How would this work ih my case? How much do you save with 1 year? They take the money out of my money before taxes.
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| said by Julio:said by RobNyc:said by Julio:I have a yearly single unlimited metrocard from transitchek. How would this work ih my case? How much do you save with 1 year? They take the money out of my money before taxes. But how much money do you save? How much do they take out. |
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JulioBachatero y Que?Premium
join:2003-03-19
Brooklyn, NY
kudos:1 | 35.08 every pay period which is every two weeks. |
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 MaggsPremium
join:2002-11-29
Woodside, NY
 ·RCN CABLE
| Let's say you make $30,000 a year, you pay $35.08 every two weeks to TransitCheck, you're in a 15% bracket for federal, 7% for state, and 5% for city.
15 +7 +5 = 27%
So take $35.08 * 26 = $912.08 * 27% = $246 Tax Savings
The same thing goes for Health FSAs, and you get the chance to screw your employer with a Health FSA too LOL  PM me for details.
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