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Good job? independant contractor?

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  • westpoint
    replied
    It's in a shop or outside at one establishment. They deal with trucks that pick up large dumpsters. I would repairing small structural stuff on the trucks like tube s steel and plate and fenders. That's it really. My own tools. They supply welder and oxy acet. It's just so the company dost have to pay for workers comp insurance and crap. They pay my company not me as a person. I got a call from the owner offering 17 for entry level with a lot of room for promotions. I won't Need insurance or anything to work there.........I was thinking 20......

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  • MMW
    replied
    You really need to find out what the company requires of you, ins., workers comp, use your own equipment or theirs, etc. If you have to pay ssi that alone is 15.4% of your gross. Fed tax depends on tax bracket, could be another 10% to 15%, health ins.. It all eats into your take home pay. Go talk to some of the employees to see what they are doing.

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  • Broccoli1
    replied
    is this in a shop?

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  • westpoint
    replied
    Let's say I want to take home $25 an hour. I'd have to ask for $35 to pay for cost.

    $25 an hour is a lot of money in Florida. But if I was doing a side job I charge $50 at least.
    Last edited by westpoint; 12-14-2012, 11:42 AM.

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  • westpoint
    replied
    Originally posted by Hardrockshot View Post
    What ever number you agree to will need to be a lot higher than $30.00 dollars. That would leave you about $19.00 dollars a hour. This money would be required to pay all your cost, plus your wage. Most company's are going to require you have an insurance policy. If you are mobile you have not purchased fuel or any other equipment, let a lone any wear and tear. You could double the rate and still come up short. You need to have a dollar amount you want to take home and use a 34 percent increase for all other equipment you are going to need.
    So what ever I want per hour add 35 percent? He also stated they give raises often.....let me know.....

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  • Hardrockshot
    replied
    Independant Contractor

    What ever number you agree to will need to be a lot higher than $30.00 dollars. That would leave you about $19.00 dollars a hour. This money would be required to pay all your cost, plus your wage. Most company's are going to require you have an insurance policy. If you are mobile you have not purchased fuel or any other equipment, let a lone any wear and tear. You could double the rate and still come up short. You need to have a dollar amount you want to take home and use a 34 percent increase for all other equipment you are going to need.

    Leave a comment:


  • go2building
    replied
    Good job? independant contractor?

    Way low. He is sticking you with his 7.5% SS, 14% work mans comp, and you are responsible for liability insurance. Some states, like NY State, require you take out work mans comp regardless if your an owner or employee.
    Would you do the job for below federal poverty pay?

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  • westpoint
    replied
    I spoke to the owner via telephone about discussing a higher pay scale if I am chosen. H stated since they do not pay for workman comp etc... they can pay more. If they chaos me they will make me an offer and we will go from there. I was thinking $30. What ya think?

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  • Doughboyracer
    replied
    I would "guess"

    I would "guess" that more than half your pay would go out the door...So a bit more than double what you want as take home and you might be close.

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  • fjk
    replied
    Can you ask some of the other guys at the shop what the difference is between what they charge the "employer" and what they take home (after paying all the taxes, insurances, benefit-costs, etc, etc)?

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  • go2building
    replied
    Good job? independant contractor?

    Florida’s Workers’ Compensation Act provides its own test and factors. A worker is an independent contractor if he or she meets four of the following factors:

    1. Maintains a separate business with his or her own work facility, truck, equipment, materials or similar accommodations
    2. Holds or has applied for a federal employer identification number (unless the independent contractor is a sole proprietor who isn’t required to have a federal employer ID number)
    3. Compensation for services rendered or work performed is paid to a business rather than an individual
    4. Holds one or more bank accounts in the name of the business entity
    for purposes of paying business expenses
    5. Performs work for customers other than the employer in question, and does so without completing an employment application or process
    6. Receives compensation for work or services rendered on a competitive-bid basis, or does the work based on a contractual agreement (unless the contract expressly states that an employment relationship exists)

    If that’s not enough

    If four of those factors don’t exist, the workers’ comp statute still allows classification as an independent contractor, if the worker does one of the following:

    1. Performs specific services or work for a specific amount of money and controls the means of performing the services or work
    2. Incurs the principal expenses related to the service or work
    3. Is responsible for the satisfactory completion of the work or services that he or she performs
    4. Receives compensation for work or services performed only for a commission or on a per-job basis
    5. May realize a profit or suffer a loss in connection with performing work or services
    6. Has continuing or recurring business liabilities or obligations
    7. Depends on making enough money to cover business expenses to determine whether the business is succeeding or failing

    Contractual or tort liability

    The question of whether a worker is an employee or an independent contractor affects more than just how the worker gets paid. It also affects the employer’s liability.

    An employer’s liability under Florida contract and tort laws (including negligent acts that cause personal injury and liability for compensatory and punitive damages) is determined by extent to which the employer may be held liable for an employee’s actions within the course and scope of the employment. If the worker is an independent contractor, the employer isn’t liable.

    To decide, Florida judges examine these factors:

    1. The extent of the employer’s control over the details of the work
    2. Whether the person employed is engaged in a distinct occupation or business
    3. The kind of occupation involved, and whether the work is done under the direction of the employer or by a specialist without supervision
    4. The skill required in the particular occupation
    5. Whether the employer supplies the necessary tools, the place of work, and so forth
    6. The length of time the person is employed
    7. Whether the work is part of the employer’s regular business

    On the other hand, if this determination is to be made instead by a jury, the standard jury instruction customarily given by the judge to the jurors is simpler:

    "An independent contractor is a person engaged by another to perform specific work according to his own methods and whose method[s] of performing of work are not controlled by the person engaging him and are not subject to that person’s right of control.”

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  • Dobermann
    replied
    Quick and dirty rule of thumb is that you need to figure that your overhead burden is at least 30% of the total "package." Also you may need to ask some legal advice since as an "independent contractor" you may be personally liable for anything that goes wrong. You'll probably want liability insurance coverage. It may or may not help you to be incorporated as an LLC, depending on state regulations.

    Be careful!

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  • westpoint
    replied
    Originally posted by go2building View Post
    What state is this job in?
    Florida.

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  • MMW
    replied
    My first thoughts are an "independant contractor" is basically someone who is in business for themselves. You supply everything & they pay for it through your fee, hourly or otherwise. If you hired a plumber, electrician, lawn service, etc. to work on your house that is an independant contractor. You need to add up what it costs you to run the business which is equipment, consumables, health ins., business ins., legal, accounting, taxes, etc. After you have covered all that you add on what you want to take home. That gives you what you should ask. Most small business owners are in the $70 to $100 range per hour.
    Last edited by MMW; 12-13-2012, 09:14 PM.

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  • go2building
    replied
    Good job? independant contractor?

    What state is this job in?

    Leave a comment:

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