Individual Expense Estimator & Tax Savings Calculator

The calculator will help you estimate how much money you should put into your account(s) and what your tax savings will be. The information you enter is for your benefit only and is not retained by Workable Solutions.

Look at a recent paycheck and enter the following (or skip 1, 2 and 3 and we’ll use 28% as an average tax rate so you can get an idea of your potential savings.)

1. Gross Earnings shown on pay stub
2. How much do you actually take home?
3. If you have a 401K Plan, what is the deduction shown on pay stub?
Marginal Tax Rate	28%
How often are you paid?	Weekly Monthly Twice a Month Every Other Week
What is your after-tax contribution per paycheck toward your employer-sponsored insurance plans? (If you already have premiums deducted pre-tax, enter $0.)

Medical Expense Estimator

What is your annual family deductible on your group medical plan? (If you don’t think you’ll reach your deductible, enter the portion of your deductible you expect to spend.)
In addition to your annual deductible amount, how much does your family spend per year that is not covered by insurance for the following? (This includes self-pay, co-payments and coinsurance.)
Doctor Visits
Other Providers (Hospital, Lab, Chiropractor, Acupuncture, Therapy, etc.)
Prescriptions
Over the counter medicines (prescription required) and supplies
Dental visits and treatments, including deductible
Orthodontia
Total Medical Expenses	$0

Dependent Care Estimator

How much do you spend per year on the following?
Day Care Center, Nanny, Au-Pair or In-Home Day Care
Pre-Kindergarten, Before and/or After-School Care (To age 13)
Summer Day Camp Programs
Elder Care and/or In-Home Care for an Adult Dependent
Total Dependent Care Expense (Max. $5000)	$0

Your Estimated Savings

Without Workable Solutions		With Workable Solutions
Gross Taxable Income	$0	Gross Taxable Income	$0
Taxes	$0	Less Pre-Tax Premiums	$0
Spendable Income	$0	Less Pre-Tax Medical	$0
Less Premium Cost	$0	Less Pre-Tax Dependent Care	$0
Less Medical Expenses	$0	Net Taxable Income	$0
Less Dependent Care	$0	Taxes	$0
Net Available Income	$0	Net Available Income	$0

Your estimated medical and dependent care expenses of $0 will actually only cost you $0 because you’ll save $0 by participating.

You’ll save $0 every paycheck!

This tax savings tool is only a guideline your actual savings may vary. It is furnished with the understanding that provider is not engaged in rendering legal or accounting advice. If legal or tax advice is required, contact your attorney or tax advisor.