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Section B125b Cafeteria Plan Election Bformb CSUN Csun 2016-2025

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Section B125b Cafeteria Plan Election Bformb CSUN Csun 2016-2025

2016-2025 Form

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hello and welcome to our presentation of the 125 cafeteria plan this program has been brought to you by your employer and professional benefit services by now you should have received a packet of information from your employer and would be great to have that on hand as I'll refer to that often throughout the presentation income taxes everybody pays them and most agree they're too high most of us pay somewhere between 20 and 30 percent in income taxes for a person who's making an annual salary of $20,000 that means you'll pay four to six thousand dollars in taxes this program the cafeteria plan will allow you to avoid paying tax on a portion of your income let's take a look at an example of how this program can save you money in our example we're starting with a gross salary of sixteen hundred dollars a month that full sixteen hundred dollars is taxable and if we pay federal and state income taxes at seventeen percent that's two hundred and seventy seven doll

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