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Calculate The Savings Of Alternative Commuting Methods
1.	Average dollar amount each employee sets aside in pre-tax transportation expense account monthly (average) ($68 is the cost of a 31-day regional transit pass. See other fares for transit and vanpool.)
2.	Number of employees using the pre-tax account (and saving amount from question 1.)
3.	Average round trip commute distance in miles
4.	Average number of commute days per year
5.	Average fuel economy in miles per gallon
6.	Average pounds of CO2 per gallon

 

Savings Results
Approximate Total Annual Employer Savings from Pre-Tax Transportation Benefit Option	$6,058.80
Average total amount employees defer to transportation account monthly	$68
Number of employees contributing the average amount from above.	50
Equals average monthly contributions from employees	$3,400.00
Multiply by 12 months to get the annual contribution amount	x 12
Equals average annual contributions from employees	$40,800.00
Estimated Employer Tax Rates (see chart below)	14.85%
Estimated Employer Savings from Employee Contributions	$6,058.80

Carbon Reduction
Estimated pounds of CO2 reduced in one year	341,333

Estimated Employer Tax Rates
FICA Taxes	6.20%
Medicaid Taxes	1.45%
FUTA (Unemeployment) Taxes	6.00%
SUTA (State Unemployment) Taxes**	1.20%
Total Employer Tax Responsibility	14.85%

** SUTA Taxes based on standard beginning tax rate for NC according to NCESC. Your companies SUTA tax rate, and thus your savings, may be higher.

* Estimated CO₂ reduced is based on Smart Commute Challenge 2010 numbers using an average round-trip commute of 32 miles over 240 workdays, with an average fuel economy of 22.5 mpg yielding 20 lbs of CO₂ per gallon.