Labor Income (Earnings) Composition


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    Hi Steven, Labor Income = Employee Compensation + Proprietor Income Employee Compensation in IMPLAN is the total payroll cost of the employee paid by the employer. This includes wage and salary, all benefits (health, retirement, etc) and employer-paid payroll taxes (social security, unemployment, etc). Proprietor Income consists of payments received by self-employed individuals and unincorporated business owners, and includes the capital consumption allowance.
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