•These formula variables are linked to labor budget formulas.
	•Enter any changes to federal and state unemployment tax rates and limits here.
	•Enter estimated bonus target percentage of base pay.
	•Enter discretionary contribution to employees’ profit sharing plan as percentage of total compensation including cash bonus.
	•Enter standard hours.  This is usually 40 hours per week times 52 weeks per year.
	•Enter amount of wages subject to FICA withholding.
	•Enter amount of wages subject to Medicare withholding.
	•Update Medicare withholding rate if it changes.
	•The net multiplier rate in the first column is used to calculate employee billing rates in the labor budget.
	•The DPE benefits factor is applied to the raw labor rate in the labor budget to calculates the employees’  Direct Personnel Expense rate.  The multiple of DPE is multiplied by the DPE factor to calculate the billing multiplier.  The multiple of DPE is calculated by dividing the net multiplier by the DPE factor.