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.
Appears in 3 contracts
Samples: cityofonalaska.com, cityofonalaska.com, cityofonalaska.com
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.
Appears in 3 contracts
Samples: www.cityofonalaska.com, cityofonalaska.com, cityofonalaska.com
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.
Appears in 2 contracts
Samples: cityofonalaska.com, cityofonalaska.com