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<br />e <br /> <br />e <br /> <br />r-: <br /> <br />SECTION 125 CONTRIBUTION ANALYSIS <br /> <br />Account Name: City of LaPorte <br /> <br />14-Jul-87 <br /> <br />Part A - Effect on Employee Contributions: <br /> <br />===================================================================================== <br /> <br /> Section 125 Section 125 <br /> Current EE Proposed EE Monthly Tax Net Month I y <br />Employee Contributions Contributions Contributions Savings Contribution <br />------------------ ------- ------- ------- --- <br />A) Employee Only $0.00 $0.00 $0.00 $0.00 <br />B) EE + Ch II d $0.00 $15.56 $3.45 $12.11 <br />C) EE + Spouse $0.00 $15.56 $3.45 $12.11 <br />D) EE + F am II y $0.00 $15.56 $5.47 $10.09.. <br /> <br />------------------------------------------------------------------------------------- <br /> <br />Employee Profile: A B C 0 <br />Annual Household Income $15,000 $20,000 $30,000 $40,000 <br />FII ing Status Unmarried Unmarried Married/Joint Marr led/ Jo i nt <br />Number of Exemptions 2 2 4 <br />Medical Plan Coverage EE Only EE/Ch i I d EE/Spouse EE/Fami I y <br /> <br />------------------------------------------------------------------------------------- <br />------------------------------------------------------------------------------------- <br /> <br />Payrol I Deductions for Premiums on After Tax Basis: <br /> <br />------------------------------------------------------- <br /> <br />Federal Withholding $1,508 $1,973 $3,240 $5,312 <br />f'ICA (7.15% to $43,800) $1,073 $1,430 $2, 145 $2, 860 <br />After Tax Salary $12,420 $16,598 $24,615 $31,828 <br />Less Annual Benefit Costs $0 $187 $187 $187 <br />, <br />: <br />Net Takehome Pay $12,420 $16,411 $24,428 $31 , 64 1 <br /> <br />===================================================================================== <br /> <br />Payrol I Deductions for Premiums on a Pre-Tax Basis: <br /> <br />------------------------------------------------------- <br /> <br />Less Annual Benefit Costs <br /> <br />$0 <br /> <br />$15,000 <br /> <br />$1 ,508 <br />$1,073 <br /> <br />$187 <br />$19,813 <br /> <br />$187 <br /> <br />$187 <br /> <br />Redirected Salary <br /> <br />Federal Witholding <br />FICA (7.15% to $43,800) <br /> <br />$1,944 <br />$1,417 <br /> <br />$29,813 <br /> <br />$3,212 <br />$2, 1 32 <br /> <br />$39,813 <br /> <br />$5,260 <br />$2,847 <br /> <br />Net Takehome Pay <br /> <br />$12,420 <br /> <br />$16,452 <br /> <br />$24,470 <br /> <br />$31 ,707 <br /> <br />------------------------------------------------------------------------------------- <br />------------------------------------------------------------------------------------- <br /> <br />Net Increase in <br />Take Home Pay / Yr... <br /> <br />$0 <br /> <br />$41 <br /> <br />$41 <br /> <br />$66 <br /> <br />Net Increase in <br />Take Home Pay / Mo... <br /> <br />$0.00 <br /> <br />$3.45 <br /> <br />$3.45 <br /> <br />$5.47 <br />