How to Calculate Labor Costs: Wages, Payroll Taxes, & Admin Fees

[@emilyreiner-f2m]

This video is so helpful! I didn’t consider the additional fees.

[@KrisChana]

Thank you! Unfortunately most people do not take into account payroll taxes and fees when putting together financial projections and therefore underestimating their payroll expenses. It’s important to understand your true cost of labor in order to set your pricing appropriately!