Perform these calculations with your Revenues and
Payroll Expenses:
Payroll Expenses /
Gross Revenues
=
result
X 100
= Payroll Percentage
For example:
$30,000 /
$100,000 =
0.30
X 100 = 30%
(Payroll equals 30% of Revenues)
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Payroll Expenses should include:
wages, paid vacation, health insurance, life insurance,
retirement plans, social security taxes, medicare taxes,
paid sick leave, unemployment insurance, disability,
allowances (e.g. transportation), payroll related state
& local taxes, etc.
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