It is my understanding that if your business is structured as a sole propietor then your SSN# will be your employee ID as long as you don't have any other employees. The company earnings/profits will be added to any other income source you have to calculate your total taxable earnings.
Allot between 12 and 25 percent of your income to personal items and activities as well as groceries. This includes entertainment and beauty services such as hair salons and barber shops. Two to 10 percent can be expected for personal expenses while the remaining 10 to 15 percent can be spent on food.ercentage guidelines help with money management. Developing percentage guidelines for your family income is vital to a family budget. This allows you to spend what is needed without going over the allotted amount that you have set for each category of expenses.
Itâs worth noting that the 30 percent rule of thumb can also be applied to households in rental housing units â and as a group, they fare even worse than those with mortgage bills to pay. 52 percent of households that pay rent have monthly housing costs that are more than 30 percent of their income.Thereâs one other piece of data that can help us build up a clearer picture of American homeowners. The American Community Survey also has tracks the age of the main householder in owner-occupied homes.2 percent of households that pay rent have monthly housing costs that are more than 30 percent of their income. Thereâs one other piece of data that can help us build up a clearer picture of American homeowners. The American Community Survey also has tracks the age of the main householder in owner-occupied homes.