4 ms·
They'll pay more for contract work because you'll end up picking up the taxes and paying for your own benefits out of that. I assume they'll take you on as a 10
by retroafroman 15y ago
They'll pay more for contract work because you'll end up picking up the taxes and paying for your own benefits out of that. I assume they'll take you on as a 1099 contractor, which means you will have to pay all your own taxes at the end of the year. Make sure to budget for that, it's easy to forget you'll have to cough up 15% or so in taxes the next year.
- throwaway1336 15y agooh ok. so the overhead is 15% taxes wise. interesting. good data point.
- pjy04 15y agoAssume 20% just to be safe.