Jill earns $36,000 annually and has day care expenses for her children that are $5,000 per
year. See below the impact that participating in a Day Care FSA will make on Jill's take home
pay!
| Gross Pay | $36,000 |
| Taxes @ 24.5% | -$8,820 |
| Net Take Home | $27,180 |
| Out of Pocket Day Care Costs | -$5,000 |
| Spendable Income After Day Care Costs: | $22,180 |
| Gross Pay | $36,000 |
| Pre-Tax Day Care Deduction: | -$5,000 |
| Taxable Pay | $31,200 |
| Taxes @ 24.5% | -$7,595 |
| Spendable Income After Day Care Costs: | $23,405 |