aspose file tools*
The moose likes Jobs Discussion and the fly likes W2 or corp 2 corp Big Moose Saloon
  Search | Java FAQ | Recent Topics | Flagged Topics | Hot Topics | Zero Replies
Register / Login
JavaRanch » Java Forums » Careers » Jobs Discussion
Bookmark "W2 or corp 2 corp" Watch "W2 or corp 2 corp" New topic
Author

W2 or corp 2 corp

S. Palanigounder
Ranch Hand

Joined: Apr 03, 2003
Posts: 145
I just got a new contract offer, and have the options to
do W2 or corp 2 corp. Which one is better? If my W2 rate
is $50/hour, what the corp 2 corp rate should be?

Thanks
Michael Ernest
High Plains Drifter
Sheriff

Joined: Oct 25, 2000
Posts: 7292

The differen between W2 and corp-to-corp is in who assumes liability to withholding taxes. For a W2, the company thay pays you must manage it. If corp-to-corp, the corporation (yours, presumably) that pays you manages it.

When paying through W2, a corporation pays additional taxes. In the US, this extra overhead includes matching the employee's withholding for Social Security benefits and Medicare. There may also be additional withholdings levied by the state, such as unemployment insurance.

Unless you have a corporation of your own already set up, you're probably better taking the W-2. It's a lot less work at that point.


Make visible what, without you, might perhaps never have been seen.
- Robert Bresson
 
I agree. Here's the link: http://aspose.com/file-tools
 
subject: W2 or corp 2 corp