Transit Reimbursement Incentive Program

Cost Estimation Calculator

The TRIP plan sponsor calculator lets you estimate the cost of offering this program. In many cases, the savings on FICA contributions more than offset the administrative costs of TRIP. The calculator also lets you estimate the total tax savings your employees will enjoy by participating in this program. AMG will provide a specific quote for your organization. The calculator only provides an estimate.

Calculator

Total Number of Employees
% Using Public Transportation	%
% Using Parking	%
Avg Monthly Deduction for Public Transportation	$
Avg Monthly Deduction for Parking	$
% of employees subject to FICA	%

Results

Estimated Administrative Expense
Month	Year

Estimated Employer FICA/FUTA Savings
Month	Year

Net Employer tax savings (cost)
Month	Year

Help:

  •   Total number of Employees:Enter the number of employees in your company

  •   % Using Public Transportation: Estimate the percent of employees who will elect
        deductions for Transit Vouchers

  •   % Using Parking: Estimate the percent of employees who will elect deductions for
       Parking Reimbursement

  •   Est. Mo. Deduction for Trans: Estimate the average month deduction for Transit Vouchers.
        The minimum is $20 and the maximum is $100 per month.

  •   Est. Mo. Deduction for Parking: Estimate the average monthly deduction for Parking
        Reimbursement. The minimum is $20 and the maximum is $195 per month.

  •   % Eligible for FICA Savings: Estimate the percent of payroll for employees electing
        Travel Vouchers or Parking Reimbursement that is below the taxable wage base,
         currently $87,900.