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Subject:Re: Pay rate for contractor with no experience From:Jill Shindelman <jill_shindelman -at- yahoo -dot- com> To:TECHWR-L <techwr-l -at- lists -dot- raycomm -dot- com> Date:Tue, 15 Feb 2000 10:57:53 -0800 (PST)
--- Anthony Markatos <tonymar -at- hotmail -dot- com> wrote:
> The last I remember, $40/hr as a 1099 contractor is
> equal to (after considering taxes, paid medicial,
> paid holiday, etc) about $25/hour as a W-2
I think that difference is a little steep. The
contractor has to pay income taxes in either case, and
very few companies offer fully paid medical insurance.
As Jo Byrd said, her rate goes up by $5 an hour when
working on a 1099 basis rather than a W-2 basis.
Also, the rates quoted in this discussion of "pay rate
for contractors with no experience" seem a little high
to me after doing the arithmetic. $20 per hour works
out to about $40,000 annually; $25 per hour to about
$50,000. Someone with no experience would be doing
really well to land a job at this salary!
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