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All the Perl that's Practical to Extract and Report

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  • While US$70K may seem like a lot of scratch, if you're truly a contractor (ie,

    • funding your own benefits
    • paying biz insurance
    • paying biz taxes
    • paying both halves of the FICA scam
    • covering the cost of downtime between contracts
    • paying for your own sick time and vacation time
    ...etc.), you may find you're losing money.

    I don't mean to dissuade you, just to advise you that there's a bit more to it than just hanging out a shingle.

    Regardless the language - or even profession - you're contracting in, you need to factor in a lot more costs for your compensation to be equivalent to being an FTE. Usual rule of thumb is take whatever you're making as an FTE (incl. benefit costs), and add 35%.

    Even if you're being pimped by a body shop, some of those costs will still apply.

    • I was thinking of all that in the "after all is said and done" statement. So that would be my "leftover" after all that stuff.