132 Transportation Expense Brochure
132 Summary Plan Description.pdf
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For years, Transit One has helped over millions of employees make their everyday commutes more financially rewarding. Now you have the opportunity to do the same. By using a portion of your pre-tax monthly salary to pay for your commute with Transit One, you can save up to $400 or more a year, depending on how much you pay for your monthly commute.* |
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Here’s an example of how you can save: |
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| * Based on an average annual salary of $48,000. Employee payroll taxes exempted: Federal, State, City, Social Security, and Medicare. Up to $400 annual savings based on the $100 monthly deductible limit effective January 2002. Lower deductible may result in smaller savings. Savings may vary. Ask for details. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Since you will pay for Transit One through pre-tax salary deductions, you’ll be paying less taxes. As a result of the deductions, your company will also benefit by paying less payroll taxes. That means your company will save thousands of dollars while you can save $400 or more a year. |
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