And there is more!
State and Federal taxes are withheld. FICA + Social Security "contribution" of around 7% is deducted AND MATCHED by the employer. Vehicles and tools are normally provided by employers.
As mentioned earlier you won't see the same money as an employee. It is a different world. For short term projects contractors are a better deal for everybody. Where the rubber hits the road is in situations where a business wants to treat employees as contractors for some purposes AND treat contractors as employees for ithers.
Joe
Re: 1099's going w-2
Member #: 29524
Registered: 3/16/2004
Posted:
444
Name:
joe diamond
Name:
Joe Diamond
Company:
stellar satellite (sub)
Occupation:
DTV installer
Location:
Chestertown,MD 21620
There is 1 reply to this message
