Is payroll tax considered a part of labor expense or is it considered tax? I'm calculating EBITDA for my business. And I need to determine if employer contribution to payroll tax is a part of operating expenses or taxes. Putting it in taxes improves my EBITDA number, but I don't know if that's right.
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Jet Reports Historic Posts I would say that it is part of operating expenses - it is a necessary cost of producing the goods services.
Hope this helps
Tim -
Jet Reports Historic Posts The "T" is for income tax for the business, not payroll or any other taxes.
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Jet Reports Historic Posts Payroll taxes are the state and federal taxes that you, as an employer, are required to withhold and/or to pay on behalf of your employees. You are required to withhold state and federal income taxes as well as social security and Medicare taxes from your employees' wages. You are also required to pay a matching amount of social security and Medicare taxes for your employees and to pay State and Federal unemployment tax.
Best Commodities Trading Platform -
Jet Reports Historic Posts If you need a record key than you will have to use multiple Jet functions. You can replicate the unique values for a particular field by specifying that field in the Field parameter of the NL function. Then you could use an NL(First) function with no field specified with a filter on the value from your other function to get the record key. Does that work for you?
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