{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "https://askcalculators.com/us/llc-vs-s-corp/schema.json",
  "title": "LLC Versus S Corporation Payroll Worksheet — United States inputs",
  "description": "Compare a narrowly scoped basic payroll-tax scenario only after wage base and reasonable compensation have been verified. USD planning view; stated limitations apply.",
  "type": "object",
  "properties": {
    "businessProfit": {
      "title": "Business profit before owner compensation and incremental administration",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 120000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "reasonableSalary": {
      "title": "Independently supported reasonable owner salary",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 70000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "socialSecurityWageBase": {
      "title": "Confirmed applicable annual Social Security wage base",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 0,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "otherSocialSecurityWages": {
      "title": "Other wages using that wage base",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 0,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "combinedSsRate": {
      "title": "Confirmed combined employee/employer Social Security rate",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 12.4,
      "minimum": 0,
      "maximum": 30,
      "x-step": 0.1,
      "x-unit": "percent"
    },
    "combinedMedicareRate": {
      "title": "Confirmed combined basic Medicare rate",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 2.9,
      "minimum": 0,
      "maximum": 20,
      "x-step": 0.1,
      "x-unit": "percent"
    },
    "extraAdmin": {
      "title": "Incremental S corporation administration cost",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 2500,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    }
  },
  "required": [
    "businessProfit",
    "reasonableSalary",
    "socialSecurityWageBase",
    "otherSocialSecurityWages",
    "combinedSsRate",
    "combinedMedicareRate",
    "extraAdmin"
  ],
  "additionalProperties": false,
  "x-askcalculators": {
    "version": "20.16.0",
    "calculatorUrl": "https://askcalculators.com/us/llc-vs-s-corp/",
    "queryExample": "https://askcalculators.com/us/llc-vs-s-corp/?businessProfit=120000&reasonableSalary=70000&socialSecurityWageBase=0&otherSocialSecurityWages=0&combinedSsRate=12.4&combinedMedicareRate=2.9&extraAdmin=2500",
    "migrationStatus": "new",
    "reviewStatus": "pending",
    "pageStatus": "live",
    "workStatus": "pending",
    "formula": {
      "expression": "basic SE payroll scenario uses 92.35% of entered self-employment profit; compare applicable capped Social Security and uncapped basic Medicare with salary payroll.",
      "note": "Inputs are converted to canonical units before evaluating this stated formula."
    },
    "quality": {
      "availability": "live",
      "technicalReviewRecord": "/reviews/v20-us-llc-vs-s-corp.json",
      "qualifiedReview": "pending",
      "qualifiedReviewer": null,
      "qualifiedReviewDate": null,
      "formulaVersion": "20.16.0",
      "referenceCoverage": "references-listed",
      "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
      "historicalMetadataDate": "",
      "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
    },
    "outputs": {
      "seNetEarnings": {
        "title": "Modeled sole-proprietor net earnings for basic SE tax",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      },
      "soleBasicPayroll": {
        "title": "Modeled basic self-employment payroll taxes",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      },
      "sCorpBasicPayroll": {
        "title": "Modeled combined basic payroll taxes on salary",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      },
      "difference": {
        "title": "Basic payroll-tax difference less extra administration",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2,
        "x-primary": true
      }
    }
  }
}