Schandra’s Weblog

June 27, 2008

What is the percentage to be cut from the consultant’s rate to pay his taxes n benefits and the employer’s expenses???

Filed under: Staffing And Recruiting — schandra @ 2:19 pm

The most common taxes and expenses are as follows:

1) Social Security and Medicare (about 6.2% and 1.45%)

2) State/ Federal Unemployment Taxes

3) Worker’s Compensation and Liability Insurance

Employers must deduct over 10% of consultant’s gross salary to cover the taxes as noted above, as well as their own expenses.

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