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.
Formula. To determine the amount paid for salaries as a percentage of operating expenses, simply add up all the operating expenses in your company, including research and development, supplies and equipment, and general and administrative costs.etermining what percentage of your revenue should be spent on salaries is one of the most important decisions for your business. If the percentage is too large, you risk running out of money for other expenses. If it's too small, you risk losing employees to competitors.