1. WaterSense
Base Case Scenario
PAYROLL EXPENSES
YEAR 1
ASSUMPTIONS
Social Security Tax (FICA) 6.20%
Medicare Tax (FICA-MED) 1.45%
Federal and State Unemployment Tax (F/SUTA) 6.20% on first $7,000 of wages
Workers Compensation Insurance (WC) 0.60%
Year 1 HOURLY ANNUAL ANNUAL EMPLOYER CONTRIBUTIONS
JOB POSITION PAY RATE SALARY HOURS/WK OT HRS/WK WEEKS/YR TOTAL FICA FICA MED F/SUTA TOTAL WC
CEO - Worldwide $0.00 $250,000 0 0 0 $250,000 $15,500 $3,625 $434 $19,559 $1,500
Financial Mgr $0.00 $180,000 0 0 0 $180,000 $11,160 $2,610 $434 $14,204 $1,080
Financial Staff (5 Emps @ $75,000) $0.00 $375,000 0 0 0 $375,000 $23,250 $5,438 $434 $29,122 $2,250
Marketing Mgr $0.00 $180,000 0 0 0 $180,000 $11,160 $2,610 $434 $14,204 $1,080
Marketing Staff (10 Emps @ $75,000) $0.00 $750,000 0 0 0 $750,000 $46,500 $10,875 $434 $57,809 $4,500
Operations Mrg $0.00 $180,000 0 0 0 $180,000 $11,160 $2,610 $434 $14,204 $1,080
Pres North American Operations $0.00 $180,000 0 0 0 $180,000 $11,160 $2,610 $434 $14,204 $1,080
Operations Staff (3 Emps @ $50,000) $0.00 $150,000 0 0 0 $150,000 $9,300 $2,175 $434 $11,909 $900
Hourly Employees (20 @ $7.75/hr) $7.75 $0 800 0 52 $322,400 $19,989 $4,675 $434 $25,098 $1,934
0 $0.00 $0 0 0 0 $0 $0 $0 $0 $0 $0
0 $0.00 $0 0 0 0 $0 $0 $0 $0 $0 $0
TOTALS $7.75 $2,245,000 800 0 52 $2,567,400 $159,179 $37,227 $3,906 $200,312 $15,404
ANNUAL PAYROLL EXPENSE $2,767,712
Includes Business' share of tax
ANNUAL WORKERS COMPENSATION EXPENSE $15,404