Summary
The common Payroll tax models show the functional relation between Gross income of employees and Payroll tax rate. The following equations give us a new look on the Payroll tax rate estimation. There is an other way that wasn't discovered until now.
(1) Income = Expenditures + Savings
The equa. (1) says, that income is expended + saved. The income is calculated from Gross income + Payroll tax rate.
(2) Gross income(1 - Payroll tax rate) = Expenditures + Savings
Determination of the Payroll tax rate out of (2):
(3) Payroll tax rate = [Gross income - (Expenditures + Savings)] / Gross income
Equa. (3) calculates the Payroll tax rate from 3 variables; Expenditures, Savings, Gross income.
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May 8
Tom_4tune has modified the tags (Payroll tax model) for the business (New Payroll tax model) 11:05 AM
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- Tom_4tune
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