Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Payroll (https://www.askmehelpdesk.com/forumdisplay.php?f=249)
-   -   1099 vs W-2 (https://www.askmehelpdesk.com/showthread.php?t=240831)

  • Jul 23, 2008, 01:15 PM
    staceyrk
    1099 vs W-2
    I am planning on going back to work 21 hours/week. My schedule will follow the school calendar(closed for vacations, federal holidays etc.). Is it more advantageous for me to be on a W-2 at $39,000 or a 1099 at $65/hour?

    Any information would be most appreciated--thank you in advance.

    Stacey
  • Jul 23, 2008, 01:21 PM
    Fr_Chuck
    What other paid benefits wlll you get as an employee?
    Is the 39,000 based on your 21 hours a week
  • Jul 23, 2008, 01:24 PM
    staceyrk
    I will receive no other benefits... I do not need health insurance and my employer does not offer a 401k. Yes, the 39k is for 21 hours week for approximately 46 weeks/year.
    What do you think
  • Aug 23, 2008, 05:41 PM
    lwelch
    1099 Pros
    More Money $62,790.00
    Extra Tax for 1099 $4,803.44
    Difference $57,986.57

    You can also get better write offs for mileage and your computer etc...

    1099 Cons
    No unemployment if you get laid off
    No workers comp if you get injured
    You are responsible for paying for all of these things if you want that level of security. Your employer can afford to pay you more but you won't get added benefits like these that he/she would normally have to pay.

  • All times are GMT -7. The time now is 07:12 AM.