OtherGround Forums Accounting/Tax question


6/9/14 4:33 PM
5/18/02
Posts: 4147
My wife and I recently combined our health benefits in order to save some money. For combined benefits, $132 will come out of her check (pre-tax). I was going to give her my half, but I can't just give her $132/2 since I will be paying her with post-tax dollars.

What would I have to give her as "my share" if I pay in post-tax dollars?
6/9/14 4:51 PM
5/18/02
Posts: 4148
Anyone?
Edited: 6/9/14 4:56 PM
6/8/11
Posts: 11762

($132/2) * (1 - your tax rate)

 

 

6/15/14 6:15 PM
6/8/11
Posts: 11898
You're welcome Phone Post 3.0