WEX Inc.

SEPTEMBER 7, 2023

Empower your employees with helpful resources that answer many of their lingering questions, including our blog , benefits toolkit , and knowledgebase of FSA-related videos and educational materials. Some individuals may be wary of reducing their take-home pay, especially if they are already on a tight budget.

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Flexible Spending Account Take Home Pay Flexible Spending Healthcare 98

Money Talk

OCTOBER 13, 2021

Below are five examples: ¨ Maintain a Low Debt-to-Income Ratio- Keep monthly consumer debt payments (all debts except a mortgage) at 15% or less of monthly take-home pay. Example: $275 of debt payments ÷ $2,500 of net pay equals a consumer debt-to-income ratio of 11% (275 divided by 2,500).

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InterWest Insurance Services

OCTOBER 27, 2022

Employees can save an average of 30% in federal, state and local taxes on items they already pay for out of pocket. Because these benefits are free from federal and state income taxes, an employee’s taxable income is reduced, which increases the percentage of their take-home pay.

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InterWest Insurance Services

MARCH 22, 2022

Besides the fact that your employees use money that hasn’t been taxed to pay for these benefits, the payroll deductions for them also reduce their taxable income while raising take-home pay. A cafeteria plan is especially attractive because it lets them choose which benefits they want.

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Flexible Spending Account 401(k) Flexible Spending Deductions 96

Abel HR

JULY 23, 2020

In a previous blog post we touted the advice of a millennial expert on four ways that you can keep this generation engaged, but in this blog, we’re going to look more closely at the younger folks’ motivations and how you can harness these interests to keep them churning out good work for years to come.

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Take Home Pay Employment IT 52

Empuls

JULY 11, 2023

In this blog, we will discuss tax free or non taxable employee benefits. The primary purpose of this blog is to explore various tax free employee benefits and shed light on their advantages. By reducing the taxable portion of their income, employees can effectively increase their take-home pay.

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Employee Benefits roth 401(k) Flexible Spending Account 401(k) 40

Abel HR

OCTOBER 24, 2019

While we realize that making these benefits decisions currently feels so far away that it’s easy to brush off this blog post. Following on from our previous post about the benefits of benefits shopping , we wanted to highlight the four most important things you can do now to make enrollment season run more smoothly. But first, a quick note.

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