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knowing your expense numbers to generate profit hi this is Steve Hanson co founder of thejanitorialstore.com say you know its often that many people dont know their expenses when theyre trying to calculate if theyre gonna make a profit on an account and we really we have to know these we have to know these expense numbers so thats what Im gonna cover today is were gonna go through various expense numbers that we should know in order to know if were gonna actually make a profit on the account or not or any particular job in fact so begin with will well cover the fic a in Medicare now this one here is where the employers and employees they split this tax and for both the current Social Security and Medicare tax rates are 6.2 percent and 1.4 5% respectively so thats pretty straightforward you know so it makes it simple this here everybody pays the same amount you know so so if you look at each each party they pay seven point six five percent of their income and for the total fic