The aspects of W-2 and how it would work depend upon whether you are union or not typically and since this is military I would assume that union is not present. That being said, it would seem that they would have to give at least the same benefits to a W-2 that they give to a contractor. You could get into a situation where you have to pay a portion of the benefits. Everyone seems to be doing that these days.
If you choose the W-2 option, what would you actually have to live on? Let's take out an estimate $15k for income tax and another $12k for FICA and Medicare assuming the top end figure of $78,200. So now you are down to $51,200 to live on. I know of several young families of 3 to 5 in the family that are making it on that amount as the gross. It could be worse. If this is straight up truth, I would take the hourly W-2 rate. Since this specifically excludes 1099 work, there is very little that you can do with expenses to reduce the tax burden and you immediately become responsible for the entire Social Security burden out of the $63k. Tom Moulder My opinions, not anyone I might be associated with now or in the past or the future. -----Original Message----- From: IBM Mainframe Discussion List [mailto:[EMAIL PROTECTED] On Behalf Of Hardee, Charles H Sent: Thursday, May 03, 2007 8:19 AM To: [email protected] Subject: Re: Systems Programmer job posting In my estimation, however, something doesn't add up here. Let's assume 40 hours a week and 50 weeks a year. No overtime, no 2 weeks paid vacation: $34 X 40 X 50 = $68,000 > $63k But the listing said a 44 hour week: $34 X 44 X 50 = $74,800 > $63k But if the extra 4 hours are at 1 1/2 time: $34 X 46 X 50 = $78,200 > $63k If you add in 2 weeks paid vacation, things change even more: $34 X 40 X 52 = $70,720 $34 X 44 X 52 = $77,792 $34 X 46 X 52 = $81,328 So, in my estimation, this headhunter has something amiss in his listing. Don't get me wrong, I'm not advocating $34/hr or 63k/year is good or bad, but with all the numbers being thrown around in the listing and we (I hope) being intelligent people, something isn't right here. But, what isn't stated is whether the $34/hr includes benefits versus the $63k which does say "full benefits". Just my $0.02. Chuck No virus found in this outgoing message. Checked by AVG Free Edition. Version: 7.5.467 / Virus Database: 269.6.2/784 - Release Date: 5/1/2007 2:57 PM ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
