Section 125 Cafeteria Plan. The section 125 Cafeteria Plan allows employees to lower their gross pay BEFORE income tax and social security taxes are calculated. By lowering the taxable income, the employee will lower his/her taxes and take home more money in each paycheck. 12.5.1 Insurance premiums may be deducted as per IRS Rules and Regulations.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Section 125 Cafeteria Plan. The section Section 125 Cafeteria Plan allows employees to lower their gross pay BEFORE income tax and social security taxes are calculated. By lowering the taxable income, the employee will lower his/her taxes and take home more money in each paycheck.
12.5.1 13.5.1 Insurance premiums may be deducted as per IRS Rules and Regulations.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Section 125 Cafeteria Plan. The section Section 125 Cafeteria Plan allows employees to lower their gross pay BEFORE income tax and social security taxes are calculated. By lowering the taxable income, the employee will lower his/her taxes and take home more money in each paycheck.
12.5.1 13.5.1 Insurance premiums may be deducted as per IRS Rules and Regulations.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Section 125 Cafeteria Plan. The section Section 125 Cafeteria Plan allows employees to lower their gross pay BEFORE income tax and social security taxes are calculated. By lowering the taxable income, the employee will lower his/her taxes and take home more money in each paycheck.
12.5.1 13.4.1 Insurance premiums may be deducted as per IRS Rules and Regulations.
Appears in 1 contract
Samples: Collective Bargaining Agreement
