- 15 - overhead; and (5) TLC’s profit (profit). The factor was a flat rate that ranged from 1.15 to 1.25. The factor was not broken down into component parts. Conse- quently, no trucking company client knew how much of the factor to which TLC and such trucking company client agreed was intended to cover each of the various expenses associated with TLC’s driver-leasing business (e.g., gross wages, any per diem amounts, the employer’s share of employment taxes, workers’ compensation insurance, and compensation of persons who performed services for TLC other than TLC’s driver-employees). The batch report that each trucking company client submitted to TLC each payroll period included each trucking company cli- ent’s computation of the lease fee to which TLC was entitled under the terms of the exclusive lease agreement. In order to calculate the amount of such lease fee payable to TLC for each payroll period, each trucking company client increased the amount of the lease fee to which TLC was entitled by (1)(a) the total amount of the reimbursable expenses due to each driver-employee whom TLC leased to such trucking company client and (b) any miscellaneous additions or carryover credits and reduced that sum by (2)(a) the total amount of advances that such trucking company client paid to each driver-employee whom TLC leased to it and (b) any miscellaneous subtractions or debit balances. (We shall refer to the amount of the lease fee payable each payroll periodPage: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Next
Last modified: May 25, 2011