Please tell how to convert w2 salary to 1099 pay range?Let us suppose w2 is 200K.What should be its equal 1099 equivalent?Furthermore If job gives malpractice insurance
and I get health benefits from from my spouse,then what will be the best comparison.I have heard that it should be around 11% more as 1099 than w2.Is that notion right?Thanks
Just my retirement and family med/dent coverage is nearly 50K/year. That doesn't include Social Security, malpractice insurance
, disability insurance or life insurance. Nor does it include federal or state taxes. Very generally speaking, a 1099 of 200K might come into the general neighborhood of 140-160 W2 depending on how you played the rest.
Last edit by offlabel on Jul 3