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What if I don't agree to
take the pre-tax payroll deduction? |
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Any employee who chooses to not participate in
payroll deduction will have to pay for their permit with a check or credit
card. You will receive an e-mail invoice with a due date of July 14, 2006.
If payment is not received by July 14, your permit will be returned to
inventory and sold to persons on the waiting list. |
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How will the payroll
deduction work? How many payroll deductions are taken from my
salary? |
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Permit payments will be made via pre-tax
payroll deductions biweekly or monthly between August 2006 and May 2007,
depending on your pay schedule. |
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How can I find out more
information about payroll deductions? |
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Pre-tax payroll deduction means the parking
expense is deducted from your gross salary before state and federal taxes
are calculated. The actual amount saved by using pre-tax payroll deduction
is dependent on your federal and state tax margin. For most employees,
this represents an out of pocket savings in excess of 30%. |
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I'm a student. What are my payment options? |
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Due to institute policy, all student fees - including parking permits - must be transferred to the Bursar's Office. |
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