Try our cost savings calculator to find the potential for tax and payroll savings available to you. As a government contractor working under Davis Bacon, Service Contract, or Living Wage Regulations, you have the choice to either pay fringe benefit obligations in cash or through benefits. This table will provide you with an example of the savings that may be available to your company if you utilize fringe contributions to provide "bona fide" benefits in lieu of paying cash wages. However, please note these calculations are for illustrative purposes only. Because the table does not take into account every factor involved in your situation which may impact the final results, the final results may vary from the illustrative computations.
*Effective July 2014 the fringe rate for all new contracts falling under SCA wage determination will be $4.02.
Paid in Cash
|Fringe Rate Paid
into Benefit Plan
|Cash Hourly Wages||$0.00||$0.00|
|Health & Welfare Benefit||$0.00||$0.00|
|Total Required Compensation||$0.00||$0.00|
(including FICA, workers compensation
premiums, unemployment taxes, public
|Estimated Contract Bid Per Hour||$0.00||$0.00|
|Contract Savings Per Year||-||$0.00|
|Savings over a 5-Year Contract||-||$0.00|