I'll take a chance on boring you with more particulars.
Take the $120,000 minus $75,000 in above mentioned expenses and that leaves $45,000.
Pay myself $52,000 and now company is only $7000 in the hole. Must pay my own FICA of $7,800 for the pleasure of being self employed and that brings us to -$14,800. Throw in a few bad jobs and the picture darkens. With the work I can put out personally, I'll get above break even. Add in the mark up on material, then split the profit with my business partner and I come out with about $60,000 per year.
Scale wages are at $38.00 per hour now. That's about $76,000 per year for eight hours, 5 days a week.
Thus my original post.
