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Old 03-19-2013, 04:15 PM
jermana232 jermana232 is offline
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I'm a 1099 "employee"..questions

I work for a one man landscaping company as a 1099, Ive been with him for a little over a month now. How much money am I losing out on come tax time as opposed to a w2? So I'm at 11/Hr but after taxes as a w2 your really at let's say 9.25 Hr. Would anyone know how much less an I'm actually get as a 1099? I'm on his insurance but am I actually covered if say I hit a rock and it breaks a window since I am a "contractor" is that all on me? I just need a job pretty bad and was happy to get this until I really researched the 1099 thing. Any info is appreciated, thanks.

Last edited by jermana232; 03-19-2013 at 04:24 PM.
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Old 03-19-2013, 04:23 PM
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grandview (2006) grandview (2006) is online now
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1st your an employee,he's just trying to skate around the tax .Also if you were a 1099 you will have to pay all taxes on that amount.
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Old 03-19-2013, 04:25 PM
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CLARK LAWN CLARK LAWN is offline
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There is no such thing as a 1099 employee. He is breaking the law.
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Old 03-19-2013, 04:45 PM
jermana232 jermana232 is offline
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Right I understand that but I finally was able to get a job
Or else I would just leave. I was just curious how much more I really am losing out on as a 1099 in hourly wage. Also am I truly covered by hiss liability ins?
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Old 03-19-2013, 05:19 PM
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Junior M Junior M is offline
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Better put some money away each week, it's a good amount when you gotta pay at the end of the year.
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Old 03-19-2013, 05:21 PM
Alluring Lawns Alluring Lawns is offline
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Your are treated like a contracted employee, which means that you have to pay the employee and employer portions of medicare and social security tax (aka self-employment tax) which is 13.3 percent on top of your income tax rate. So if he's paying you at least enough as a contracted employee to cover that cost then your fine. Yes, his insurance should cover you if you break a window.
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Old 03-19-2013, 05:25 PM
jschultznorth jschultznorth is offline
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you will be paying double the social security tax is all really. Normally an employee pays a percentage and the employer pays a percentage. All the others are the same. I just put 25% of my check away for taxes and pay quarterly to avoid a fine. I am 1099 also. Don't know how it works with you but I have to have a buisness license because of that. I claim my miles on my truck at the end of the year which is a 55 cent a mile right off, cell phone bill and any other stuff I need as a 1099 "employee", vendor, whatever you want to call it.
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Old 03-19-2013, 05:32 PM
jermana232 jermana232 is offline
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So really I'm just paying 6.8% more then I normally would since I'd e paying the employers half of the 13.3 as well? I don't drive my truck when actually working i just commute to his shop
Daily an ride with him. Anything else I could claim?
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Old 03-19-2013, 05:40 PM
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dstifel dstifel is offline
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I'm a 1099 "employee"..questions

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Old 03-19-2013, 06:18 PM
larryinalabama larryinalabama is online now
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Quote:
Originally Posted by jermana232 View Post
So really I'm just paying 6.8% more then I normally would since I'd e paying the employers half of the 13.3 as well? I don't drive my truck when actually working i just commute to his shop
Daily an ride with him. Anything else I could claim?
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Thats about it, however since your wmployed and not a sub contractor yall fellers are breaking the law so I keep the whole thing on the "QUIET"
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