DATA ITEM DEFINITIONS____________________COMPANY STATISTICS (SMOBE/WOB/CBO)


=>ANNUAL PAYROLL

Annual payroll consists of the combined amount of wages paid, tips 
reported, and other compensation including salaries, vacation allowances, 
bonuses, commissions, sick-leave pay, and the value of payments-in-kind 
(such as free meals and lodging) paid to all employees during the calendar 
year before deductions for social security, income tax, insurance, union 
dues, etc. All forms of compensation are included, whether or not subject 
to income tax or FICA tax, with the exception of annuities, third-party 
sick pay, and supplemental unemployment compensation benefits (even if 
income tax was withheld). For corporations, total payroll includes 
compensation paid to officers and executives; for unincorporated businesses,
it does not include profit or other compensation of proprietors or partners.

=>EMPLOYMENT 

Employment includes all employees, full time and part-time, reported on 
a firm's payroll during specified pay periods in 1992. Persons on
paid sick leave, paid holidays, and paid vacations are included as employees,
as are salaried officers and executives of corporations. However, proprietors
and partners of unincorporated businesses are not considered as employees.

The derivation of the 1992 employment figures vary somewhat among the
different industries. For firms in the minerals, manufacturing, and
construction industries, employment represents an annual average of the number
of "production workers" on the payroll for any part of the pay periods
including the 12th of March, May, August, and November, plus the number of
"all other employees" on the payroll during the March 12th pay period. For the
other industries covered by the economic censuses and for those industries not
covered, employment consists of all employees on the payroll of a firm during
the pay period including March 12.

=>ETHNICITY 

The ethinic categories used in this survey are the same as those defined by 
the Office of Management and Budget (OMB) in their Circular No. A-46, dated
May 12, 1977. (Ethnicty is not applicable to women and some minority groups.)

=>FIRM

In this survey, a firm is a legal entity engaged in economic activity
during any part of 1992 that filed an IRS form 1040, Schedule C; 1065; or some
type of 1120. The different entities are described below under Legal Form of
Organization. A firm may operate one place of business or more, such as a
chain of restaurants, or have no fixed business location, such as the firm
represented by a self-employed carpenter or salesperson. A firm contrasts with
an establishment, which is a single physical location at which business is
conducted. Most of the other economic censuses are conducted on an
establishment, rather than a firm, basis.

=>LEGAL FORM OF ORGANIZATION

The four legal forms of organization included in this report are:

    INDIVIDUAL PROPRIETORSHIP. An unincorporated business owned by an
    individual. Also included in this category are self-employed
    persons. The business may be the only occupation of an individual
    or the secondary activity of an individual who works full time for
    someone else.

    PARTNERSHIP. An unincorporated business owned by two or more
    persons having a financial interest in the business.

    NON-SUBCHAPTER S (C) CORPORATION. A legally incorporated business under
    State laws. Unlike a subchapter S corporation which must have 35 or
    fewer shareholders in order to qualify to be taxed as individual
    shareholders rather than as a corporation, a C corporation has no
    restrictions.

    SUBCHAPTER S CORPORATION. A legally incorporated business under State
    laws. A subchapter S corporation is a special IRS designation for
    legally incorporated businesses with 35 or fewer shareholders who,
    because of tax advantages, elect to be taxed as individual shareholders
    rather than as corporations.

=>RACE

The race categories used in this survey are the same as those defined by 
the Office of Management and Budget (OMB) in their circular No. A-46, dated 
May 12, 1977.

=>RECEIPTS 

Receipts include the gross value of all products sold, services rendered, 
or other receipts from customers during the year, less returns and
allowances. Value for sales and services is given whether or not payment was
actually received during the year, and therefore, does not indicate a cash
flow. Although receipts data were supposed to cover calendar year 1992, fiscal
year reporting was permitted if it did not produce great differences. No
adjustments are made for the costs of doing business. Due to the nature of the
banking, real estate, and insurance industries and educational and social
services, receipts may not be a good indicator of financial worth or size.

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