Principles of Private Firm Valuation

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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