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Each missionary's support goal is made of many "building blocks." . Therefore, it is safe to assume that your support goal WILL will be larger than the offered salary listed on your offer.
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Here's a snapshot of how all those pieces work together to build your support goal:
- Salary —
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- this is the main building block to your support goal. Your offered salary (found in the details of your offer or compensation notice) is the limit
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- to the amount of salary you can receive
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- . However, you are allowed to accept a lower amount of salary than what is offered.
- Ministry Expenses — this includes a monthly ministry expense bonus (which you can elect to receive as part of your paycheck), in addition to any reimbursable ministry expenses (which you can submit as needed).
- Administrative Assessment
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- — Reliant's administrative assessment is right around a tithe (10%) of the gifts Reliant missionaries raise. Most gifts that come into the MTD account you are responsible for will be assessed at 12%
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- . However, most missionaries (depending on your program) may choose a Sponsor Church, which is assessed at 3%. The average of the 12% gifts and the 3% sponsor church gifts is right around 10%.
- Attrition Buffer —
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- data shows that a percentage of donors will
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- discontinue giving within the first few years of a missionary's employment. Therefore, every missionary's support goal includes an attrition buffer to plan for
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- future attrition.
- Insurances
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- — This includes benefits such as health insurance premiums
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- and other employment insurances.
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- — eligible employees can make contributions to this retirement savings account 1 year from their official hire date
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- and can plan for this amount in the support goal.
- Taxes
- Social Security/Medicare: Provides income and health insurance to the elderly & disabled.
- Everyone pays the same
- 7.65% Employer Portion
- 7.65% Employee Portion
- = about 15% added to Support Goal
- Federal Income Tax: Pays for Government, Military, NASA, FDA, etc.
- Based on Income & Deductions
- Research Foreign Income Exclusion
- If you overpay, you’ll get a refund
- Usually 10, 12, or 22%
- Social Security/Medicare: Provides income and health insurance to the elderly & disabled.
