b"MIDWESTM I D W E S TROOFING CONTRACTORS ASSOCIATIONROOFER 7000 Power&Light Bldg.,KansasCity, Missouri64105 January~February,1976 1975EQUIPMENTRENTALGUIDE Enclosedisacopyofthe1975editionofMRCA 'sEquipmentRental Guide.OurthanksgotoMRCAPastPresidentBillKugler,Denver,Colorado, forhiseffortsinassemblingtheGuide.ThanksalsotoMRCAPastPresident RayJohnson,Tulsa,Oklahoma,forhisassistance. PleasenotethattheGuideispublishedsolelytofurnishyouwith someguidanceastoequipmentrentalrates.Theratescontainedinthe GuidereflectanaverageofrentalrateswithintheMidwest.TheGuide doesnotpurporttoestablishdefiniterentalratesnormaximum-minimum rentalrates.FormoreinformationastohowtherentalratesintheGuide weredeterminedandfactorstobeconsideredindecidingwhethertorentor buy,seetheintroductorypageoftheGuide. SOCIALSECURITYCOSTS- UPANDUP TheSocialSecuritywagebaseincreasesthisyearto$15,300,upfrom $14,100lastyear.Astoemployeeswithannualwagesof$15,300andup, ,_., the1976taxpaidbytheemployeeandtheemployerwilltotal$1,790.10 (11.7%).Theemployeeandtheemployerwilleachpay$895.05,ajumpof $70.20eachfromlastyear'staxlevel. ThepresentSocialSecuritylawhastaxrateincreasesscheduledthrough theyear2030.Includedinthepresentl awareautomaticadjustmentsinthe taxablewagebasewheneverthecostoflivingrises3%ormorebetweenspecificperiods.Projectedmaximumtaxpayableinthefutureisratherfrightening;forexample,intheyear2030 ,baseduponthetaxschedulesinthe presentlawandSocialSecurityAdministrationprojections,anemployeeat themaximumwagebasewillpaySocialSecuritytaxof$15,176.Hisemployer willpayanidenticalamountforatotaltaxof$30,352. EnclosedisaconcisesummaryobtainedfromtheMissouriChamberof Commercesettingforththetaxpayablethisyearandinthefuturebased uponprojections. SMALLBUSINESSSIZESTANDARDS TheSmallBusinessAdministrationhasnowdeterminedthatthedefinitionforspecialtradecontractorsforthepurposeofbiddingongovernment procurementsisaverageannualreceiptsfortheprecedingthreefiscalyears ofnotinexcessoffivemilliondollars. Thedefinitionhadbeenaverageannualreceiptsofsevenandone-half , milliondollars.EffectiveMarch18,1974,SBAamendedthedefinitionto __1"