Employee cost calculator
Type what you would pay the person and what your business makes now. Ziva adds up the full cost of the hire, shows what it does to your profit, and tells you how much more you would need to sell to come out even. Nothing connects to your books. Nothing is saved.
Payroll taxes and every total are worked out by code from these lines.
Use monthly figures for everything on this page.
What you would pay them each month, before any tax comes off. For hourly pay, multiply the hourly rate by the hours in a month. Full time is about 173 hours a month.
Health insurance, workers' comp, unemployment tax, a laptop, software, a desk. Anything you would pay for this person besides their pay. Leave empty if none.
That is the employer's share of Social Security and Medicare, 7.65 cents on every dollar of pay. Ziva adds it for you.
Use a normal month. If months swing a lot, use an average.
Your Income line for a month, before any cost comes off.
What it costs to make or deliver what you sell. Type 0 if your P&L has none.
Your Net Income for a month. Type a minus if it is a loss.
If this person will sell, build, or serve enough to bring in more sales, type how much more per month. Leave empty if you don't know. Ziva still answers without it.
Type dollars and cents. Nothing is rounded.
Computed only from the figures entered above; nothing else is known to this page. A learning tool, not accounting, tax, or investment advice, and not an audit, review, or compilation.
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