Tax Discount.
Above Example | No Insurance Deduction | No Insurance Deduction and Employer Contribution Treated as Taxable Income | |
---|---|---|---|
|
|
|
|
Taxable Income | $24,012.50 | $24,362.50 | $24,612.50 |
Tax* | $ 4,011.00 | $ 4,109.00 | $ 4,179.00 |
Tax Discount on Insurance | $ 168.00 | $ 70.00 | 0 |
Married couple, filing a joint return