aCalculator.com Puts Cafeteria Plan Calculator On The Menu

One of the newest additions on the website is a calculator that can help employees minimize their taxes and receive benefits on a pretax basis.

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(PRWEB) January 09, 2014

aCalculator.com is one of the best financial help websites and offers a number of free-to-use financial tools. Recently, the site has added a calculator to help employees analyze and calculate their Cafeteria Plan benefits. According to the spokesperson, the number of employers who opt for cafeteria plan for their employees is rising and the new calculator was introduced to help employees make a better decision.

One of the financial experts on acalculator.com’s panel has personally helped a lot of people in this aspect. Based on his experience, the expert has helped in identification of the problems faced by employees. The calculator, according to the spokesperson was designed to help the users avoid such problems.

The main problem the expert identified is that most people are unaware of the plan and its benefits. Highlighting some of the important details, the spokesperson explained, “Cafeteria plans were introduced to offer participants receive benefits on a pretax basis. At least one taxable benefit and one qualified benefit must be chosen by all the participants. The calculator is designed to help them calculate how much they can save with a particular option. Therefore, it will help them make a decision that is in their best interest.”

The Cafeteria Plan calculator is designed to facilitate ease of use and does not require the users to have much technical knowledge. The calculator requires simple input values such as current paycheck information, salary, taxes, 401k plans, and FSA expenses such as insurance premiums and out of pocket medical exams. Once the user inputs these values, the calculator processes the information and delivers results based on algorithm designed by the expert.

The results of the calculations are depicted in the form of simple chart and graph. In order to make things easier, the spokesperson added, there is a complete list of key terms and their definitions given at the bottom of the page. The Cafeteria Plan is only one of the newly added tools on the website. “We encourage our users to pay regular visits to the website in order to stay aware of new changes and updates from time to time.”

All the tools available on the website are completely free to use. They can be used directly on acalculator.com without any registration or sign-up required. Users can also choose to put the calculators on their website. For more information in this regard, please visit http://www.acalculator.com

About aCalculator.com
aCalculator.com is a leading financial help website that offers budgeting and financial calculation tools for free. The website currently features 300 different calculators ranging from mortgage calculators to long term care calculators. The website caters to users from USA, Canada and Australia by providing them essential tools to help them plan their financial future. To contact the company, please use the following details:

Contact Details 
Web: http://www.acalculator.com 
Contact Number: (800) 333-0888