RE: W2 to 1099 Conversion Rule Of Thumb?

Subject: RE: W2 to 1099 Conversion Rule Of Thumb?
From: "Bonnie Granat" <bgranat -at- granatedit -dot- com>
To: "TECHWR-L" <techwr-l -at- lists -dot- techwr-l -dot- com>
Date: Thu, 2 Dec 2004 12:56:22 -0500

Tony Markos writes:
> Can anyone give me a "rule of thumb" for coverting a W2 hourly rate to an
equivalent 1099 hourly rate?

> This is for a local TW contract job that I am considering, so
> there are no per diem considerations (if that makes any difference).

All you can do is earn what the market will bear. Your clients are not
interested in your wish to earn on a contract the equivalent of what you
earned as an employee.

It's just a market -- buyers and sellers. You, as a seller, will be able to
determine over time what your local market is like, and it may have no
relationship to your former rate of pay.

Bonnie Granat



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W2 to 1099 Conversion Rule Of Thumb?: From: Tony Markos

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