4 ms·
No, you can usually increase your billable rate to make up for that difference. If for example your current salary would be $100k/2080 (work hours in a year) y
by mgadams3 11y ago
No, you can usually increase your billable rate to make up for that difference. If for example your current salary would be $100k/2080 (work hours in a year) you'd be getting paid $48/hr. You'd likely set your contracting rate at at least $60/hr to make up for the difference or no PTO, insurance, 401k, etc.
- jdmichal 11y agoAlso in the US, tack on an additional 7.65% for Social Security and Medicare taxes that would normally be paid by the employer, which is now technically yourself.