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Subject:RE: W2 to 1099 Conversion Rule Of Thumb? From:"Bonnie Granat" <bgranat -at- granatedit -dot- com> To:"TECHWR-L" <techwr-l -at- lists -dot- techwr-l -dot- com> Date:Thu, 2 Dec 2004 12:56:22 -0500
Tony Markos writes:
>
> Can anyone give me a "rule of thumb" for coverting a W2 hourly rate to an
equivalent 1099 hourly rate?
> This is for a local TW contract job that I am considering, so
> there are no per diem considerations (if that makes any difference).
>
All you can do is earn what the market will bear. Your clients are not
interested in your wish to earn on a contract the equivalent of what you
earned as an employee.
It's just a market -- buyers and sellers. You, as a seller, will be able to
determine over time what your local market is like, and it may have no
relationship to your former rate of pay.
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