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.
Calculate your salaries as a percentage of operating expenses by dividing the total salary expenses by your total operating expenses. As an example, if you pay $145,000 in total operating expenses with a salary expense of $41,000, 28 percent of your operating expenses are salaries.A report by the Society for Human Resource Management indicates that retail industry businesses may have a salary to expense percentage of as little as 18 percent.s an example, if your company's gross revenue equals $320,000 and the total salaries for the same period are $38,600, your company spends 12 percent of all monies earned on salaries. Second Wind Consultants, Inc recommends a range between 15 to 30 percent.