Pro forma

Discussion in 'Ask An Owner Operator' started by kw600, Dec 18, 2013.

  1. Dec 18, 2013 #1
    kw600

    kw600 Road Train Member

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    Why isn't driver pay listed in a pro forma?
     
    kw600, Dec 18, 2013
    kw600, Dec 18, 2013
    #1
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  3. Dec 19, 2013 #2
    Chattduck

    Chattduck Light Load Member

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    Driver's wages and associated payroll taxes should be part of a pro forma. However, o/o's may choose to not plug in a driver's salary and let the bottom line profit cover the salary.
     
    Chattduck, Dec 19, 2013
    Chattduck, Dec 19, 2013
    #2
  4. Dec 19, 2013 #3
    kw600

    kw600 Road Train Member

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    If say it's a one company driver and he gets. 30 cents a mile, you would put. 30 obviously right? I'm in a few spreadsheets and none of them have driver pay listed as expense
     
    kw600, Dec 19, 2013
    kw600, Dec 19, 2013
    #3
  5. Dec 19, 2013 #4
    Chattduck

    Chattduck Light Load Member

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    If the driver's pay is 0.30, you will have the associated payroll taxes to add to that. If you are the O/O, you will have self employment tax. If you are hiring the driver, you will have a social security tax, unemployment ins, something I may not remember at the moment, and any benefits. In any case, if you are paying 0.30, you should budget ~20% or so extra. So, like 0.36 CPM ish
     
    Chattduck, Dec 19, 2013
    Chattduck, Dec 19, 2013
    #4
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