I agree that there's taxes and rent and upkeep to think about, but that's taken out of revenue.
Revenue is the word for the money the business takes in, without cost of goods sold taken out. Cost of goods sold includes variable costs (ex: the cost for the ingredients of pizza, sales tax, and usually, employee wages by the hour) and fixed costs (ex: rent, utilities, overhead).
Notice that the above article says profit. Profit is the money a business has when the cost of goods sold has been subtracted from the revenue. There's no tax money or rent money to be taken out of it, because it's already been taken out.
So this actually is a scenario where the owner is taking this money home. More money, in fact, since the $78 per hour had to be divided up amongst the employees that are working. Let's assume there are are only three employees. This means that the owner is taking home three times what the employees made on that day, everyday. And there may be more then three employees, meaning the owner could be making more money then my estimate.
Some simple math to break it further down for you. 78×3= 234. 234×8 hours = $1,872 for an 8 hour work day. While yes, there will still be some taxes to take out, that is nearly $1,900 per day for the owner. And the owner is probably paying $15 an hour at most to the employees.
I'm not explaining this to be condescending, im explaining this because it's an honest mistake to confuse profit for revenue, and because the above situation really pisses me off
