Payroll Years 1-3
	Prepared By:	Company Name:
	Sam Miller	Aviation Flight Academy
	Employee Types	Year 1 Totals	Growth Rate 1 to 2	Second Year	Growth Rate 2 to 3	Third Year
	Owner(s)	661,440	20.0%	793,728	30.0%	1,031,846
	Full-Time Employees	2,496,000	20.0%	2,995,200	30.0%	3,893,760
	Part-Time Employees	234,000	10.0%	257,400	30.0%	334,620
	Independent Contractors	405,600	3.0%	417,768	3.0%	430,301
	Total Salaries and Wages	$    3,797,040		$          4,464,096		$                 5,690,527
	Payroll Taxes and Benefits
	Social Security	210,269	20.0%	252,323	30.0%	328,020
	Medicare	203,486	20.0%	244,184	30.0%	317,439
	Federal Unemployment Tax (FUTA)	1,470	20.0%	1,764	30.0%	2,293
	State Unemployment Tax (SUTA)	6,615	20.0%	7,938	30.0%	10,319
	Employee Pension Programs	50,872	0.0%	50,872	0.0%	50,872
	Worker's Compensation	118,700	3.0%	122,261	3.0%	125,929
	Employee Health Insurance	354,405	3.0%	365,038	3.0%	375,989
	Other Employee Benefit Programs	-	10.0%	-	10.0%	-
	Total Payroll Taxes and Benefits	$       945,818		$          1,044,379		$                 1,210,861
	Total Salaries and Related Expenses	$  4,742,858		$       5,508,475		$               6,901,389