Employee Savings Example
An employee makes $2,000 each month and decides to participate in her employer's FSA Plan. She pays her insurance premiums and health and daycare expenses through the FSA with tax-free dollars. And, she is able to save $100 each month!
Your Paycheck Without A Plan
|
Salary
FICA, federal, state taxes
Insurance premium
Health & daycare expenses
Net Pay
Without A Plan
|
$ 2,000
-$ 500
-$ 100
-$ 300
$1,100
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Your Paycheck With A Plan
|
Salary
Insurance premium*
Health & daycare expenses*
Adjusted earnings
FICA, federal, state taxes
Net Pay
With A Plan
|
$ 2,000
-$ 100
-$ 300
$ 1,600
-$ 400
$1,200
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| *Paid through the FSA plan. |
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| More Information |
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