I am an Indian student on an F1 visa. I have been working for a company on a CPT which would expire at the end of the summer period (it was a summer internship). The company has offered me to work for them on 1099 as an independent contractor for the Fall semester(because I couldn't get any CPT extension) and would be willing to hire me on a full-time basis after 3 months after I graduate. The pay would be only $15 but, I don't want to miss the opportunity of getting hired on a full time basis after my graduation.
Is it legal for me to work as an independent contractor? Also how much taxes I would end up paying (I live in Arizona)?
Any help is highly appreciated..