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Workman’s compensation, state disability insurance, unemployment insurance, health benefits, federal income tax, state income tax, uniforms, vacation pay, are just a sample of the many employer paid costs involved with having employees.  This worksheet provides you with the formulas necessary to accurately determine your true costs. We’ve also included a handy Excel spreadsheet to streamline the process.

With labor making up the majority of your sales, you must fully understand all the factors which affect your true cost of labor in order to set standards and prices which make your shop profitable.  This simple worksheet will help you to “know your numbers”.