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Regional Talk > New York > The Next MetroCard

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HardwareGeek

join:2003-11-15
Brooklyn, NY

reply to Julio

Re: The Next MetroCard

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.
to forum · permalink · 2007-10-11 13:22:42 ·


Julio
Bachatero y Que?
Premium
join:2003-03-19
Brooklyn, NY
kudos:1

35.08 every pay period which is every two weeks.

to forum · permalink · 2007-10-11 18:57:31 ·


Maggs
Premium
join:2002-11-29
Woodside, NY
Reviews:
·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.
--
Inside Cube Hell!

to forum · permalink · 2007-10-11 19:11:14 ·
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