Career & Business Economics
5 min read
Contractor vs Full-Time Employee (W2 vs 1099): Calculating the True 1.3x Equivalent Rate
Taking a 1099 freelance role at your previous W-2 hourly wage results in an effective 25%–35% pay cut. Independent contractors must charge at least 1.3x to 1.5x their salaried rate.
FinGuruTools Research Desk •
Read →