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    jddollen's Avatar
    jddollen Posts: 55, Reputation: 1
    Junior Member
    		  
    #21

    Aug 8, 2009, 08:53 PM
    Thank you so much Stringer I appreciate it. Now all of your employees are paid by the hour so if you are paying them 9 per hour how much are they really costing you with taxes?
    Stringer's Avatar
    Stringer Posts: 3,733, Reputation: 770
    Business Expert
    		  
    #22

    Aug 8, 2009, 09:09 PM
    Quote Originally Posted by jddollen View Post
    ThankYou so much Stringer I appreciate it. Now all of your employees are paid by the hour so if you are paying them 9 per hour how much are they really costing you with taxes?
    You will have to get all state taxing information from your state and add the Fed and the 'luie fooie and sooie.'

    We use approximately 8% here.

    $9.00
    X .08

    $9.72 loaded per hour...

    Check yours to be sure do not use the one we use as there are many differences. You will be liable for all withholdings.
    jddollen's Avatar
    jddollen Posts: 55, Reputation: 1
    Junior Member
    		  
    #23

    Aug 8, 2009, 09:11 PM

    OK Thanks I appreciate your candidness...
    Stringer's Avatar
    Stringer Posts: 3,733, Reputation: 770
    Business Expert
    		  
    #24

    Aug 8, 2009, 09:15 PM
    Quote Originally Posted by jddollen View Post
    ok Thanks I appreciate your candidness...
    I am available for any questions that you may have but I want you to take a bit of advice for your own good: get a CPA, they can give you expert advice on taxing, costing, projections, etc. Yep, it will cost you. But no where near what it will if you are not properly advised on this matter.
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