Hi All, I am exploring a contract position and they are offering the below. As I am new to contracting, Please suggest which one is better Option 1: $70/hr on W2
Option 2: $80/hr on 1099
I live in the Bay Area, CA if it matters.

Thank you so much !

like
Posting as :
works at
You are currently posting as works at

W2 unless 1099 is at least 50% higher

like

it's a personal choice, BUT i want to note this:
- W2 contract: you are essentially an employee and they handle the taxation on your behalf
- 1099 contract: you are an independent contractor and you have to settle taxes on your own (likely to pay back)

because you're in CA, i know employment laws are a little different so i would factor in that to what works best.

like

There are calculators online to compare.
1099 you pay self employment tax & all of your SS, Medicare, basically double. you don’t get paid holidays or vacations or access to group health, dental, vision & Short/long term disability, so factor all that in. Not sure about unemployment benefits.
You should consult with your tax professional If you go 1099, & make quarterly estimates payments to IRS & state. If you work at home you can use home office deduction on your taxes if you itemize.
I’d most likely go W2 in your situation.

like

Are they going to be managing you differently? Because an employee is not a contractor and a contractor is not an employee.

Didn't work out. They might have seen this post and ghosted me completely!

Related Posts

I joined mindtree in Jan 2022. Suddenly there is a 10k deduction in salary in the month of April. The salary slip say 10k deduction as INCOME TAX.
Mindtree says "You come under 20% slab according to the income tax calculations. When all the tax slabs are applied you will have to pay yearly tax around Rs. X amount. So that amount will be deducted in monthly basis."
Why sudden income tax deduction? Why was that not deducted in the month of Jan Feb March ?
How can i recover that 10k every month?

Would anyone be willing to refer me for a business analyst position at Salesforce please?

like

Hi Fishes,
I have few offers as below for SDET role, please help me with better offer & Org in terms of career, WLB and growth

PS: LWD in next week please help!!!

TCS Delhi - 15 fix
Fortanix - 18 fix + 1000esops
Altimetrik- 21 fix+ 1 lacJB + relocation
Status Neo - 23 fix Offer about to release
Zee Enterprises - 20.3 fix (22.5 CTC)+ 1 lpa JB

like

Any insight to the excel/sql test for the Sales Strategy and Operations associate position at LinkedIn?

like

What is your savings goal by age? Eg at 25, 30 35 and 40! Thanks

like

What's a typical role or job title folks go into in industry, after HR consulting? Specifically with focuses on things like change management, org transformation, culture development, etc. Thanks!

like

So here is my doubt.
My company(listed on NYSE) gave me RSU of 50 lakh (will be vested in 4 years).
With this much in stocks already, shall I still invest in stocks on my own in NSE based Indian companies if I’m investing over 5 lakh yearly in PF+PPF+NPS too ?

likesmart

Hi! Got my cloud solution architect associate certification in January. How should I keep learning to gain proficiency for an architect role at aws?

like

Can someone refer me in Wipro for AWS Devops role

Yoe- 3.9Wipro

like

Hi fishes,
Accenture is hiring aggressively.

DM or share your updated resume to
job.referral15@gmail.com along with role/technology, DoB and preferred location.

openings on development roles, testing roles.

like

Need Job Referral, Thanks in Advance

Post Photo
like

GSK is hiring aggressively for GCC. How much salary should i ask for a manager 8a designation? Will they give 30+?

How does contract to hire work? If I’m offered $37/hr on w2 for 3 months and then possibly a permanent position, how much can I expect to get annually as a full time company employee as a BI data analyst II? I have a M.S. and certificates in DA but this will be my first job as DA.
I prefer working for what is offered on contract without negotiating, and then negotiate when I transition into the company itself so I have a better chance of getting the contract position and show my skills.

like

Hi Fishes!!

can any one suggest good ELSS Fund for tax saving investment and is it a good idea to invest 20% of your salary in ELSS

like

Hi I’ve been applying for sales job for 3-4 months now hundreds of applications and few interviews still can’t land a job. Please let me know if anyone can give me a referral. I have 3 years of AE experience in telecom and 3 years of sales experience in retail sales

like

Best area credit unions?

like

Hi everyone,

I spent 2 years at McK in Asia, currently doing in-house strategy at a bank. I am hoping to return to consulting, targeting ME region, especially Dubai and Doha.

Exchanged some email with a McK recruiter, but haven’t heard back since I sent them my CV.

1. Is there a hiring freeze in ME at McK?
2. Is anyone willing to refer for BCG or Bain?

like

I am actively looking for enterprise sales (manager) role in SaaS/Cloud-based product companies.

Please let me know if you are aware of similar job opportunities.

YoE - 10+ years
Tech Stack - MBA, Sales, Tech Pre-Sales

TIA!

like
like

How to ask for stocks ,hr said we can't mention in offer letter

like

More Posts

Shout out to everyone still on the waitlist for this year... all 7 of us are gonna make it!

like

Is Dancing considered a taboo in Muslim world?

like

I mean, it's great that we're all so dedicated to our work and we care about getting things right—but why is it so hard to get published?

like

Is crowdstrike a good buy 215??

like

Best team in canada !

Post Photo
funnylike

Hi guys, I am selected in tcs but I just switched job 2 months ago. Uploaded the documents and offer discussion is pending. Will they give offer? And what to expect with 6 yoe?

like

Mean while ☺️

Post Photo
funnylike

What format do you find documenting and teaching process to be the most helpful?

like

Hi folks,
Please help me calculate the monthly in hand salary before I accept.
Thanks & regards.
My current pay is 7 lakh fixed, with 60000 variable/year. Which comes to around 54,000 monthly in hand

Post Photo

Im currently at a startup that’s in the fintech space. I have about 50-60,000 shares in the company. The thing is, 1) Design is truly only thought about as a UI addition and not thought as a UX need. I don’t have time to research because I’m juggling 8 projects at a time. 2) A new head was brought in without the teams approval 😳. 3) I lost my only candidate because of the ceo forgetting that they approved me for a CONTRACT candidate. Should I leave or stay to work on the culture?

like

Leaving work at 1am on a Saturday .. So sad

like

Anyone have experience getting into private placement real estate investments? Thoughts? My investment manager is pushing them as part of a capital raise from a mid-size ibank.

like

What is the average salary comp for a sales engineer with 5 YOE in an energy startup company in SF? I have 5+ YOE and currently based in Canada.

like

I am looking for job opportunity in Finance, can someone help

like

Providence Hyd is hiring across all levels, if interested please dm me. Plz have a look at opening

Post Photo
like

Anyone know of any senior strategy openings? Just got laid off and would greatly appreciate any leads.

like

Any coders here? Does anyone happen to have the AAPC study guide for 2022 and would be willing to sell? Thank you in advance

like

anyone go from consulting to an economics PHD? i need some guidance please help. TIA

like

I’ve had pretty horrible acne most of my life but now I finally have it under control and wanted to get a laser treatment for the scarring. Anyone gotten it before and what kind did you get and how was your experience?

like

Have job opportunity for Dell experienced candidates . Can refer . DM cv . 40% hike on current CTC

like

Additional Posts in Salaries in STEM

Salary for research coordinator at John’s Hopkins university? What is a good salary range for someone with a masters of science and 3+ yrs of experience. Thanks

like

Does anyone know the compensation for a senior analyst at McKinsey with a Master degree and 2 YOE? Looking for base pay and bonus.

like

How much does an associate scientist make at Pfizer-Groton? (I have 1 year experience out of college but have published 2 papers first author, ample experience during university, internships and have an bachelors in biochemistry with honors).

like

Hey everyone,
I just moved to the Indianapolis area and was hoping you could help identify what the salary market was here. I have my BS in mechanical engineering, MS in engineering management, and an MBA. I have been working in the auto industry for 7 years. Ideally I would love to find a project manager or similar position at a larger size company. Thanks for the help.

like

Salary range for Level F, Director (operations) at the AstraZeneca Gaithersburg site. 15yrs experience.

likehelpful

I am an automation engineer in the automotive field with 7 years experience with at least 50 successful integration projects. I want to ask for a raise. What tools can I use to to compare my salary to see if my compensation is fair.

like

Hello everyone, I wanted to ask about pay ranges for Cloud Infrastructure engineers or Devops in Toronto/Vancouver for a mid-senior position, especially if anyone has an idea about Telus pay ranges.

Also, if they have a good culture or not.

likesmart

Is $120k base salary for a mass spec job (PhD entry level) in San Diego reasonable?

like

1YOE medical device NPI Lead looking for salary perspective

Mechanical engineering grad, joined a medical device startup that I had done co-ops at. 8mo into full-time, pivoted from engineering into more of an operations role doing new product introduction (NPI), now with 3 direct reports.

The combination of startup+medical device+NPI seems very unique and I'm struggling to find salary comparables. Currently making 75k but it feels very low given my new responsibility and impact. Any advice?

like

Anyone from Opel Automotive? How much salary do they offer for 8 years experience professional?

like

Does anyone know the mechanical engineer II salary range for Pratt & Whitney?

Do they offer profit sharing or any other financial incentives?

I have many options to consider but two options below are what I’m thinking of right now.

I want to see your thoughts on which one I should pick.

Job A: Project Engineer. 135K/yr base. 10% signing bonus.

Job B: Senior Project Manager. Contract. $60/hr standard. $90/hr overtime.

Additional Information added / pinned in the comments.

Does anyone have tips for negotiating salary or other perks specifically at a nonprofit?
SDZWA has a large research side that many don’t know about but the pay is rubbish compared to other research organizations.

Hi Everyone,

I just wanted to ask: What's the salary for a systems engineer in
Lockheed Martin? Also if someone who got hired as systems engineer (or any other engineer field) what are the recommendations and how much salary should be asked? Thank youLockheed Martin

like

What does an Engineering Project Manager with over 6 years experience get paid at GHD consulting ?

likesmart

how much package i can expect with total 6 year of experience includes web API development and 2 year of AWS experience on EC2, Fargate etc (certified with AWS developer) and 3 years of Onsite experience

like

Hi i lost majority of my money in the stock market. I married and promised my family that I will not make the mistake I made 7 years ago. Gambling. Is this an addiction I have. I keep selling stocks and taking loses buying other stock hoping it will recover but never did and sell again taking loses and buy again. It now sink in to me. I borrow personal loan hoping that the market will do k and I pay it back but I even lost that. I can't stop crying that I hurt the one I love the most my family.

like