What was the total 'Payroll' expense for Mr. Sandless during January-February 25?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
| Jan - Feb 25 | |
|---|---|
| Ordinary Income/Expense | |
| Expense | |
| Merchant deposit fees | 1,845.07 |
| Payroll | 110,594.77 |
| 6039 · Payroll Expenses - Gross | 13,256.47 |
| Payroll - Other | |
| Total Payroll | 123,851.24 |
| Payroll taxes | |
| 6040 · FUTA | 230.25 |
| 6041 · PaUC | 2,374.87 |
| 6042 · S.S. & Medicare | 8,398.79 |
| Payroll taxes - Other | 3,023.01 |
| Total Payroll taxes | 14,026.92 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the total payroll expense for January through February 2025 was $123,851.24. This figure is the sum of two line items: 'Payroll' which amounted to $110,594.77, and 'Payroll Expenses - Gross' which was $13,256.47.
In addition to the total payroll expense, the FDD also lists payroll taxes. These taxes include FUTA ($230.25), PaUC ($2,374.87), S.S. & Medicare ($8,398.79), and other payroll taxes ($3,023.01), totaling $14,026.92. It is important to note that these payroll taxes are listed separately from the total payroll expense.
For a prospective Mr. Sandless franchisee, understanding these payroll and related tax figures is crucial for budgeting and financial planning. These expenses represent a significant portion of the overall operating costs and should be carefully considered when evaluating the potential profitability of the franchise. Franchisees should also be aware of potential fluctuations in payroll expenses due to factors such as staffing levels, wage rates, and changes in tax laws.