You earn $30,000 annually and pay $65/month ($780/yr) out of pocket for
work-related mass transit/commuting costs.
| Gross Pay |
$30,000 |
| Pre-Tax Mass Transit Deduction |
-$780 |
| Taxable Pay |
$29,220 |
| Taxes @ 25% |
-$7,305 |
| Net Take Home |
$21,915 |
By participating in your employer's Section 132 Mass Transit Reimbursement Plan
you would have increased your net take home pay by $195 per year.