offered with a option 1099 or W2. 70$/hr on 1099 is how much on W2

[ManchuMohanbabu]

I don't need medical insurance company is interested in 1099. 70$/hr on 1099 is how much on W2

i heard self employment taxes , SSN, medicare taxes are more on 1099 . 

60$ on W2 (no benefits) is it equal to 70$ on 1099

 

[ManchuMohanbabu]

70$ on 1099 or 60$ on W2 (no benefits) offer chesadu

[HEROO]

10 minutes ago, ManchuMohanbabu said:

70$ on 1099 or 60$ on W2 (no benefits) offer chesadu

W2 aithe taxes cut ayi osthundi pay you will be on company payroll

1099 without taxes self employment or independent contractor type tax filing appudu difference vuntadi

@csrcsr calling expert

[ManchuMohanbabu]

6 minutes ago, HEROO said:

W2 aithe taxes cut ayi osthundi pay

1099 without taxes

@csrcsr calling expert

telusu bro addhi final ga yearly lo manaku vachedhi motham taxes cut ainnaaka  70$ on 1099 is same to 60$ on W2 ?

[HEROO]

5 minutes ago, ManchuMohanbabu said:

telusu bro addhi final ga yearly lo manaku vachedhi motham taxes cut ainnaaka  70$ on 1099 is same to 60$ on W2 ?

Any benefits like health insurance or paid vacation on w2 ???

@Spartan

 

 

[ManchuMohanbabu]

3 minutes ago, HEROO said:

Any benefits like health insurance or paid vacation on w2 ???

@Spartan

 

 

No benefits on W2

[usetime63]

Rendava job a ?

 

[csrcsr]

1 hour ago, ManchuMohanbabu said:

I don't need medical insurance company is interested in 1099. 70$/hr on 1099 is how much on W2

i heard self employment taxes , SSN, medicare taxes are more on 1099 . 

60$ on W2 (no benefits) is it equal to 70$ on 1099

 

there are many estimate calclulators like this and tax break estimate you are going to gain between two

https://www.keepertax.com/1099-vs-w2-calculator

[Sanjiv]

49 minutes ago, ManchuMohanbabu said:

No benefits on W2

W2 la no benefits ante inka $60 enduk theeskovadam. W2 doesn't make sense without benefits.

Just take 1099 on $70 (no benefits)

[ManchuMohanbabu]

1 hour ago, usetime63 said:

Rendava job a ?

 

yes bro second job 

[ManchuMohanbabu]

1 hour ago, csrcsr said:

there are many estimate calclulators like this and tax break estimate you are going to gain between two

https://www.keepertax.com/1099-vs-w2-calculator

thanks bro 63$/hr on W2 and 70$/hr on 1099 chusina 1099 lo take home ekuva chupistindhi

 

 

W-2

You’ll keep:

$94,677.50 in take-home pay
(out of your $125,000.00 gross income)

You’ll pay:

$9,562.50 in payroll taxes

$20,760.00 in federal income taxes

$0.00 in state income taxes

 

 

 

1099

You’ll keep:

$99,004.01 in take-home pay
(out of your $133,464.00 gross income)

You’ll pay:

$20,419.99 in self-employment tax

$14,040.00 in federal income taxes

$0.00 in state income taxes

[ManchuMohanbabu]

49 minutes ago, Sanjiv said:

W2 la no benefits ante inka $60 enduk theeskovadam. W2 doesn't make sense without benefits.

Just take 1099 on $70 (no benefits)

70$/hr on 1099  lo take home ekuva vastundhi bro

Self employment tax is more and federal taxes are less in 1099 and it is reverse in W2.

[VAAMPlRE]

2 hours ago, ManchuMohanbabu said:

I don't need medical insurance company is interested in 1099. 70$/hr on 1099 is how much on W2

i heard self employment taxes , SSN, medicare taxes are more on 1099 . 

60$ on W2 (no benefits) is it equal to 70$ on 1099

 

$70 on 1099 anytime best 

[PhillyDotNetGuy]

LLC pettukoni C2C cheste self employment tax padadu

[Sanjiv]

53 minutes ago, PhillyDotNetGuy said:

LLC pettukoni C2C cheste self employment tax padadu

LLC lo self employment tax untundi.

With S-Corp election, we can avoid that