direct labor income

Hi Carolyn. IMPLAN assumes that the number you enter into Employee Compensation (EC) is fully loaded payroll so it will take out taxes (which will show up in the direct tax impact report and will not get re-spent) and will also spend the medical and other benefits. You want to be sure you Employment Compensation value is a fully loaded payroll (this includes, wage and salary, all benefits (e.g., health, retirement, etc.) and employer paid payroll taxes (e.g. employer side of social security, unemployment taxes, etc.).), because estimates of these values will be removed by the software during the analysis process. If you exclude those taxes and benefits from the value you enter into the EC field, you will understate the direct tax impact and understate the take-home pay and thus the HH spending (i.e., the induced effects). IMPLAN has this Conversion factor for dealing with these situations.  If you have EC, then, EC to Wage & Salary divide (/) by factor  If you have wages and salaries, then, Wage & Salary to EC multiply (*) by factor So, make that you know what type of compensation values you are dealing with and adjust them using the above conversion methods and then enter into IMPLAN. We hope this helps.

Hi Carolyn. IMPLAN assumes that the number you enter into Employee Compensation (EC) is fully loaded payroll so it will take out taxes (which will show up in the direct tax impact report and will not get re-spent) and will also spend the medical and other benefits. You want to be sure you Employment Compensation value is a fully loaded payroll (this includes, wage and salary, all benefits (e.g., health, retirement, etc.) and employer paid payroll taxes (e.g. employer side of social security, unemployment taxes, etc.).), because estimates of these values will be removed by the software during the analysis process. If you exclude those taxes and benefits from the value you enter into the EC field, you will understate the direct tax impact and understate the take-home pay and thus the HH spending (i.e., the induced effects). IMPLAN has this Conversion factor for dealing with these situations.  If you have EC, then, EC to Wage & Salary divide (/) by factor  If you have wages and salaries, then, Wage & Salary to EC multiply (*) by factor So, make sure that you know what type of compensation values you are dealing with and adjust them using the above conversion methods and then enter into IMPLAN. We hope this helps.