Analysis of Wages Paid from Handyman Connection Financial Report

Handyman Connection of Alpharetta P&L (2023 and YTD August 2024).pdf

Missing file

How much wages are paid

To extract the information about wages paid from the provided PDF, I will follow these steps:

Extract the text content from the PDF.
Search for relevant keywords related to wages.
Summarize the information found.

Let's start by extracting the text content from the PDF.**

The extracted text from the PDF shows the following relevant information about wages paid:

Salaries (5200): This includes two subcategories:
- PR-Sales Advisors (5210): $787.52 for Jan - Dec 2023 and$ 0.00 for Jan - Aug 2024.
- PR-CSR (5230): $31,527.16 for Jan - Dec 2023 and$ 18,717.38 for Jan - Aug 2024.
- Total Salaries (5200): $32,314.68 for Jan - Dec 2023 and$ 18,717.38 for Jan - Aug 2024.
Payroll Tax - FICA/FUTA/SUTA (5300): This includes two subcategories:
- PR Tax-CSR (5330): $3,118.07 for Jan - Dec 2023 and$ 1,806.06 for Jan - Aug 2024.
- Total Payroll Tax - FICA/FUTA/SUTA (5300): $10,955.97 for Jan - Dec 2023 and$ 4,288.53 for Jan - Aug 2024.

In summary, the total wages paid (including salaries and payroll taxes) are:

For Jan - Dec 2023: $32,314.68 (Salaries) +$ 10,955.97 (Payroll Tax) = $43,270.65
For Jan - Aug 2024: $18,717.38 (Salaries) +$ 4,288.53 (Payroll Tax) = $23,005.91

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WHAT IS EBIDTA

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's overall financial performance and is used as an alternative to net income in some circumstances.

The formula to calculate EBITDA is:

\text{EBITDA} = \text{Net Income} + \text{Interest} + \text{Taxes} + \text{Depreciation} + \text{Amortization}

In the context of the provided P&L statement, we can derive EBITDA by adding back interest, taxes, depreciation, and amortization to the net income (or operating profit).

Let's identify the relevant components from the extracted text and calculate EBITDA.

It appears that the relevant sections for Income, Cost of Goods Sold, and Expenses were not extracted correctly from the text. This might be due to the formatting of the PDF text.

Let's manually identify the relevant components from the extracted text to calculate EBITDA.

From the extracted text, we have the following information:

Total Income: $247,256.94 for Jan - Dec 2023 and$ 140,868.93 for Jan - Aug 2024.
Total Cost of Goods Sold: $111,604.02 for Jan - Dec 2023 and$ 68,460.46 for Jan - Aug 2024.
Total Expenses: The detailed expenses are listed, but we need to sum them up to get the total expenses.

Let's calculate the EBITDA step-by-step.

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the given periods are as follows:

For Jan - Dec 2023: $36,517.85
For Jan - Aug 2024: $7,361.72

These values are derived based on the provided income, cost of goods sold, and expenses. Note that we assumed interest, taxes, depreciation, and amortization to be zero as they were not explicitly mentioned in the extracted text.

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