4 ms·
Isn't 65/hour like 130,000$/year? That seems in-line with the salaried positions
by sincerely 9y ago
Isn't 65/hour like 130,000$/year? That seems in-line with the salaried positions
- toomuchtodo 9y agoIt's $124,800 assuming zero downtime and fully booked weeks all year, with no PTO. Don't compare 1099 hourly to a W2 with benefits unless you've made a very careful comparison of total comp.
- cimmanom 9y agoHow does that math work out? $65/hr = $130K/yr is using a pretty standard 2000 hrs/yr estimate. 52 wks/yr * 5 days/wk * 8hrs/day = 2080 hrs. So the 2000hr ($130K) estimate assumes 2 full weeks PTO. $124,800 works out to only 1920 hrs/yr, which is 48 weeks of 40hr/wk work. ETA: but yes, once you take into account benefits, taxes, and other expenses, one would want a significantly higher 1099 rate anyway.
- toomuchtodo 9y agoI wasn’t aware of the 2000 hours a year estimate. TIL!