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Breakdown of Specific Expenditures1
1993
Salary Percentage of Total Expenses Amount
And Benefits Related to ACC’s Credit In
Employee Wages FICA MESC/FUTA BC/BS Total Expense Analysis Activities Issue
Steve Balan $69,359 $4,504 $313 $4,062 $78,238 50 $39,119
James Blasius 89,769 4,713 313 4,062 98,857 75 74,143
Cass Budzynowski 43,500 3,213 313 1,790 48,816 100 48,816
Hope McGee 16,248 1,216 313 3,692 21,469 100 21,469
Kelly 16,100 1,193 313 1,790 19,396 100 19,396
Stacey 10,280 767 313 2,086 13,446 75 10,085
245,256 15,606 1,878 17,482 280,222 213,028
Overhead Items
Printing 9,412 75 7,059
Telephone 12,454 75 9,341
Computer 19,598 95 18,618
Rent 34,413 50 17,207
Utilities 5,162 50 2,581
81,039 54,806
361,261 2267,832
1994
Salary,
Wages, and Percentage of Total Expenses Amount
Estimated Benefits Related to ACC’s Credit In
Employee Bonus FICA MESC/FUTA BC/BS Total Expense Analysis Activities Issue
Steve Balan $95,820 $4,886 $218 $4,932 $105,856 40 $42,342
James Blasius 139,216 5,776 218 4,932 150,142 50 75,071
Cass Budzynowski 52,846 3,813 218 2,177 59,054 100 59,054
Hope McGee 11,508 842 218 4,932 17,500 100 17,500
Kelly 22,200 1,584 218 2,177 26,179 100 26,179
Sue 24,500 1,760 218 4,932 31,410 100 31,410
Kathy 16,921 1,256 218 4,932 23,327 75 17,495
Stacey 1,218 93 32 411 1,754 75 1,316
Kirsten 2,438 167 57 181 2,843 100 2,843
366,667 20,177 1,615 29,606 418,065 273,210
Overhead Items
Printing 8,663 75 6,497
Telephone 15,133 60 9,080
Computer 25,919 95 24,623
Rent 37,875 60 22,725
Utilities 5,126 60 3,076
92,716 66,001
510,781 339,211
1 The record does not indicate the surname of each of
the listed employees. Nor does the record indicate the
job titles of the employees listed without a surname or
describe their daily duties.
2 The parties agree than this column equals $267,832.
Actually, it equals $267,834. Because the $2
unexplained difference is immaterial to our analysis,
we use the parties’ figure of $267,832.
ACC deducted the installment contracts expenditures of
$267,832 on its 1993 Federal income tax return, and it deducted
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Last modified: May 25, 2011