$
$
Health Insurance
Monthly Premium (total cost)
$
Individual ~$600 / Family ~$1,800
Employer Pays (W-2)
%
Dental & Vision
Monthly Premium (total cost)
$
Employer Pays (W-2)
%
Retirement / 401(k)
Employer Match
%
of salary, typical 3-6%
Paid Time Off
PTO / Vacation Days
Paid Holidays
Sick Days
Payroll Taxes
Employer FICA (Social Security + Medicare)
%
6.2% SS (up to $176,100) + 1.45% Medicare
FUTA + SUTA (Unemployment)
$
Varies by state, ~$300-$1,500/yr
Workers' Compensation
%
IT/office: 0.3-1%, trades: 2-5%
Business Expenses
Accounting & Legal (annual)
$
Software & Tools (annual)
$
Liability Insurance (annual)
$
Equivalent Contractor Hourly Rate
$0.00
W-2 Total Comp
$0
Contractor Gross Needed
$0
Rate Multiplier
1.00x
Side-by-Side Comparison
W-2 Employee
1099 Contractor
Full Cost Breakdown
| Item | W-2 Value | 1099 Cost | Difference |
|---|