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.
Step 2. Calculate how much more the position is worth to a well-qualified employee. Once you have your midpoint, you can add on to that amount to come up with the high end of the salary. One fair way is to establish an overall range, typically set at 40 percent.The midpoint represents center, so the high point would be an average of 17 percent more than the midpoint. This is called width of salary.tep 3. Establish the low point. Go back to your midpoint salary range and if you are still using the 40 percent width rule, deduct 17 percent from the midpoint. This will give you the amount for the low end of the pay spectrum.