| Pre-Tax Benefit Plans Reduce Taxable Wages & FICA deposits Under the guidelines of the IRS Code Section 125 – known as Section 125 Cafeteria Plans – your employees can voluntarily set aside tax-exempt dollars for specific benefit accounts covering day care expenses, medical reimbursement, dental and vision programs. These programs reduce employee’s federal, state and FICA taxes – a plus for them – and reduces the amount of FICA tax your company pays, too.
PAYSOURCE ONE handles complete set-up and administration of Section 125 Cafeteria Plans. Ask your representative for details. |
