W-2 vs 1099
R D
jaguarjam at yahoo.com
Wed Feb 20 08:47:55 MST 2008
Hi Everyone-
I just negotiated an hourly rate on W-2. The recruiter
just called to notify me that the rate would be on a
1099. As far as I know, I would have to pay an
additional 7.5% for SS taxes plus they get out of
paying unemployment tax of 10 to 15%. Is there
anything else I need to be aware of?
Thanks-
RD
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