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.
Rent or Mortgage. You should expect to spend between 25 to 30 percent of your net income each month on rent or mortgage. Landlords and property managers typically require you to make at least 2.5 to three times the rent to qualify as a tenant.If your current home takes more than 30 percent of your income, it is time to add to your income, get a roommate or find a cheaper place to live.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.