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internetworkers - RE: [internetworkers] Contract terms

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  • From: "Colleen McCarthy" <cmccarthy1 AT nc.rr.com>
  • To: "'Internetworkers: http://www.ibiblio.org/internetworkers/'" <internetworkers AT lists.ibiblio.org>
  • Subject: RE: [internetworkers] Contract terms
  • Date: Tue, 8 Mar 2005 12:04:21 -0500

On thing to be very aware of is that if they pay you on a 1099, you will have to pay both your share and the employer's share of the Social Security tax.  Someone can probably give you the exact cost (well, I guess that I could too, calculating it from a pay stub:)), but it's roughly 7.5% for each, so 15% total.
 

Colleen McCarthy, BSMT, BSEE, MBA, PMP
(h) 460-0641

-----Original Message-----
From: internetworkers-bounces AT lists.ibiblio.org [mailto:internetworkers-bounces AT lists.ibiblio.org]On Behalf Of DonBartholf AT aol.com
Sent: Tuesday, March 08, 2005 7:39 AM
To: internetworkers AT lists.ibiblio.org
Subject: [internetworkers] Contract terms

Who knows about typical features of a contract job. I've heard they typically pay a straight hourly rate with no benefits. That's pretty simple. What happens if you get sick with the flu and don't go in. Or can you take vacation/ personal time? If the contract is for 6 months, can they whack you earlier, can you dump them for a permanent job? Is a non compete clause typical? What else would be good to know?
 
Don Bartholf



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