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CAP Participation Paycheck Example

In this example, the employee saves $400 annually by participating in the plan.

BEFORE participating in the CAP:

Empl. ID	Name	Period End	Date	Check No.
098765432	Geraldine M. Estiaga	4/30/2005	04/30/2005	99872

Your Current Paycheck
Semi-monthly Gross Pay	$2,500.00
Federal Withholding	$214.58
Social Security	$155.00
Medicare	$36.25
New York	$123.38
NY SDI	$1.30
City Tax	$72.91
Net Pay	$1,896.58

AFTER participating in the CAP:

Empl. ID	Name	Period End	Date	Check No.
098765432	Geraldine S. Estiaga	4/30/2005	04/30/2005	99872

Semi-Monthly Gross Pay	$2,500.00
Your Current Paycheck
Semi-monthly Gross Pay	$2,500.00
Federal Withholding	$207.08
Social Security	$151.90
Medicare	$35.53
New York	$119.96
NY SDI	$1.30
City Tax	$70.96
Transportation Deduction	$50.00
Transportation Reimbursement	($50.00)
Net Pay	$1,913.27