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| Welcome
to SureFire,
August 29, 2008 |
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| BENEFITS OVERVIEW | PRE-TAX PREMIUM PLAN |
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SureFire Offers Blue Cross Pre-Tax Premium Plan
SureFire sponsors a “Cafeteria Plan” that allows employees to use pre-tax dollars to pay for benefits. The benefits elected are nontaxable, and plan participants do not have to pay social security and income taxes on the pre-tax premiums. The following example demonstrates the difference in electing pay for health care and other benefits from pre-tax dollars.
Example:
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Paid with Pre-Tax
Dollars |
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Paid without Pre-Tax
Dollars |
Gross Monthly Pay
Pre-Tax Coverage Under Plan
Taxable Income
Estimated Federal
FICA Tax
After-tax Coverage
Take Home Pay |
$2500.00
$140.000
$2360.00
$354.00
$181.00
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$1825.00 |
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$2500.00
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$2500.00
$375.00
$191.00
$140.00
$1794.00 |
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