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Parking Reimbursement Account:
qAllows you to pay for your daily or monthly parking expenses incurred for your parking at or near your work. You can elect to have up to $215.00 per month for 2007 and $220.00 per month for 2008 deducted from your monthly paycheck TAX-FREE.
n Mass Transit Reimbursement Account:
qAllows you to pay for your mass transit expenses related to your commute to work. Up to $110.00 per month for 2007 and $115 per month for 2008 can be deducted from your pay TAX-FREE for qualified mass transit expenses.
Savings:
nYou can reduce your taxable income and avoid paying Social Security and Medicare Tax (7.65%) and Federal Income Tax (15% to 40%) by enrolling in your company sponsored Section 132 Benefits Plan
