Basic salary and employment taxes are a minimum-in most cases you will need to provide some benefits. Typical benefits for a $50,000 salaried employee include life insurance ($150) and health coverage ($2,000-$3,000 for single persons; $6,000-$7,2000 for families-http://www.ahrq.gov).
For other uses, see Essence (disambiguation). In philosophy, essence is the property or set of properties that make an entity or substance what it fundamentally is, and which it has by necessity, and without which it loses its identity. Essence is contrasted with accident: a property that the entity or substance has contingently, without which the substance can still retain its identity.
Essence was founded by Clarence Smith and Ed Lewis 47 years ago. They sold a minority stake to Time Inc. in 2000, and the rest of the company to Time in 2005. In November, Time Inc. announced it was being sold to the Meredith Corp. for $3 billion and Essence, which was not a part of the sale, became available. And Dennis jumped at the chance.