- 80 -
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
510,782 339,211
These expenditures were all incurred in ACC’s business. The
majority finds that ACC’s only business operation was the
acquisition of installment contracts and the servicing of those
contracts.1 With respect to the salaries and “overhead” expenses
found to be related to ACC’s credit analysis activities ($267,832
for 1993 and $339,211 for 1994),2 the majority makes the
following finding of fact:
In 1993 and 1994, ACC paid installment contracts
expenditures totaling $267,832 and $339,211,
respectively, * * * which were attributable to ACC’s
obtaining of credit reports and screening of credit
histories, related primarily to the portion of ACC’s
payroll and overhead expenses that was attributable to
its credit analysis activities.6 None of these
1The majority finds: “Its sole business operation is (1) the
acquisition of installment contracts from automobile dealers * *
* and (2) the servicing of those contracts.” Majority op. pp. 4-
5.
2The parties agree with the allocations in the above table.
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