Meals expenses
$50,000
$10,652.04
($39,347.96)
$10,652.04
■
Family dinners
$35,000
—
—
—
■
Sales dinners
$15,000
—
—
—
Club expenses
$5,000
$2,949.20
($2,050.80)
$2,949.20
10
Taxable income
$0.00
—
—
$640,867.62
Benchmark Values for NAICS for Officer CompensationAsset size
$100,000
$500,000
$1,000,000
$5,000,000
$25,000,000
$250,000,000
National
$59,870
$97,870
$133,818
$133,818
$182,970
$299,103
Illinois
$57,843
$94,556
$129,287
$129,287
$176,774
$288,974
Src: Axiom Valuation Solutions Compensation DatabaseBenchmark Values for NAICS for Discretionary Expenses
Expense Benchmark
Expense
(as percentage of total revenue)
Travel expense
0.6188%
Entertainment expense
0.0736%
Meals expense
0.2990%
Club fee expense
0.0828%
Src: Axiom Valuation Solutions Discretionary Expense DatabaseBenchmark Value from Bureau of Labor Statistics for Worker CompensationOccupation
Value
Bookkeeping clerk
$28,650.00
Secretary
$26,390.00
Product promoters
$25,360.00
Machinist
$33,410.00
Src: Bureau of Labor Statistics
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