you don't have to be IC to deduct that - just do an itemized 1040 and it is deductible even if yo
Posted By: anon on 2008-01-21
In Reply to: If you are IC and pay for your insurance, that cost - can be deducted. Check with tax man. nm
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How do they deduct for time? NM
nm
What companies Deduct....
I was just offered a job by a company as an IC. I almost took the job until I read in the contract that you will have pay deducted if you accuracy drops below 98%. I am still new to this profession and was a bit nervous to take the job as an IC. I was just curious if this is a standard practice for companies to do this? I thought maybe that was why I got the job offer because they know I am still new and if I did mess up then they wouldn't have to pay. But, maybe I am just paranoid?
Thanks,
Plus, how much will they deduct for errors? (nm)
v
I did not test with them either, because they deduct
2 cpl if for some reason you do not meet TAT. I really did not want to work for a company who deducts from an already low rate, even though I doubt it would ever happen, but if there was an emergency or something, you just never know.
They deduct points for that?
The company I worked for did not deduct for punctuation. I believe in the AHDI guidelines there is no deduction for punctuation, unless of course it changes the meaning of a statement or something like that. Alot of the commas are open to interpretation, but some QA people are really picky about the hyphens.
The companies do get paid by the lines, so if your accuracy is 98% they should not care that your line count has increased significantly. I would say take note of what it is they are complaining about, and keep up the good work. As far as running out of work, I would wait and see how often that happens. Could it be another case of offshoring what is out of TAT?
This is also an IC position so you can deduct....sm
another 2 cents a line for taxes etc., and you need to have unlimited long distance. I wouldn't touch this with a 10 foot pole, 5 cents a line is not going to pay my bills no matter how big my expansion file is.
NO, you are wrong. They deduct half of the 15%
the other half. So 7.5% is deducted from your check, then they pay the other 7.5% themselves. My company does not withhold any federal or state taxes, only 7.5% for SS and then Medicare tax.
Do they deduct taxes from checks?
I forgot to ask, do they take taxes and social security out of your pay checks or do you have to pay those yourself at the end of the year? Thanks!
To be specific, how they deduct for headers
They deducted a flat 17% from the line count. You all know that all headers are not created equal and some have hardly anything in them and very few of them are 17% of the total lines typed. I remember when this head honcho went in one day and revised all the headers to make them with even fewer characters but that 17% did not change. I could not accept the politics of this company any longer and immediately started pounding the pavement for my own accounts because I didn't need the benefits anyway. This company was not Transtech by the way. I don't know what percentage Transtech deducts because I have never worked there.
You can't deduct insurance premiums if
they are taken out pretax if FT employee.
They refuse to deduct state taxes, if that's
nm
What's the deductible?
what is the deductible?
Not when you have so many accounts and no work. How do you like the picky nothing stuff they deduct
off for the 98% QA. I have never seen such BS in my life. It makes absolutely no sense at all. Has no bearing on what an MT can or cannot do. It is all designed to get rid of more QA people and to make sure no one makes the bonus. No doubt about that. Has anyone tried to discuss this with them or is that impossible.
My thoughts exactly. Need an IC job so can deduct equipment, etc without having to meet 7.5% rule.
My normal company gives garbage as equipment, and I can't meet the rule for unreimbursed employee expense because I'm a high producer and don't have the other expenses that you can add to it.
Thanks! It wasn't deductible at all when I was an IC. sm
But I will never work as an IC again and I could not get an independent policy anyway, having had cancer and ongoing therapy. A lot of MTs are in this position with either age, a serious disease, such as hypertension, diabetes, etc. It just isn't that easy to get self-insured anymore. That's why I don't understand companies who don't offer benefits. The last figures I saw, benefits were worth about 1.5 cents a line. Something to figure in when considering great wages. Thanks for the information.
$1000 deductible
I'm single and I pay $75 per period for the $1000 deductible, $25 office visit. There is also a $2000 deductible option that a single person would pay $37.50 per pay period, $30 office visit.
2500 deductible
Does this still have the 2500 deductible? Doesnt pay copays to doctor visits either?
$80 for $500 deductible, cheaper w/
.
actually I need to clarify the deductible sm
thing. It is a 4000 for hubby and I. But, they give you a benny account that has $3000 in the account. You can use it for your deductibles which would leave you with $1000 out of pocket. You can also use it to pay for medications but medications do not come off your deductible so if you use it all for that, you could get in a mess if you have a hospitalization. You would have to pay 4000. If you don't use the money it carries from year to year. So its not as bad as it sounds.
As far as the lady who wanted what Canada has; I understand her frustration. But, you would be waiting forever just to have a simple x-ray or MRI and forget surgery. Canadian health care system is not all that great, that's why lots of those folks come here.
I can't say I know the answer, but that is not it. Its a sad thing in this country though the health care situation
high deductible for medical
the basic plan has a 3000 deductible and costs $20 per pay or you can get 'better' coverage with a 2500 deductible or 1500 deductible. naturally these cost more per pay period as well. Other than that all the other benefits are decent and the night shift people start earning PTO immediately and can use it after 90 days, as opposed to 1st and 2nd shift who have to wait a year.
Various high deductible plans when
Back in 12/05, they had 3 high deductible plans, lowest deductible of which was $1500. Believe it was 1st of month after 90 days when it kicked in. Don't know if it's changed since then.
$15 copay for PCP visits, $750 deductible. nm
Large deductible and everything out of pocket.
xx
I pay $140 a month total for $500 deductible-WMX
BC/BS with $1K deductible, dental is normal sm
coverage and as the person below pointed out, you are wrong on the PTO. Also, last year we were allowed to choose a plan with a lower deductible and pay for it and that choice was not given to us this year. Why don't you try telling the truth about Webmedx instead of prettying up everything?
I agree platform awful and they deduct for mistakes, to the tune of $10 per report.
:_
I think you're confusing the deductible with the premium. sm
Family coverage is not $1000 a month in premiums.
Can you tell me if this is for good insurance, deductible, copay etc..??
I had a good rate before when I had insurance but the deductible was $5000 and no copay so it wasnt worth it.
MTSOs with insurance deductible 1000 or less? nm
x
Excellent benefits at TT. I have PPO coverage with a fairly low deductible
and pay $42 per pay period. The coverage is with First Health and they do offer coverage in all states. Good prescription drug coverage also ($10 copay). Hope this helps.
AARP was $800 per month, single. $1000 deductible. SM
I know personal insurance is reasonable for people under 50, really I do, but I'm not under 50, I'll be 60 in June. I have checked all over and, even with spousal insurance, it is 800-850. There is an insurance crisis in this country of epic proprotions and I don't see it being solved anytime soon.
I'm willing to pay well for my insurance, even though I am healthy now, but not 800 and up and those didn't even cover a yearly PE. Even my crummy Spheris insurance pays for that.
is the deductible for insurance still 2500 bucks w/ no copay for doc visit?
That is the sole reason I quit. That and the fact they switched me from account to account as soon as I started making a decent line rate with one.
They also have the ability to slow down how fast you can download files. They slipped and told me that it was to help control traffic on the server.
I pay approximately $113 per pay period for single coverage, $1000 deductible.
Hope this helps.
With Transtech insurance, do you have to meet deductible before office visits are covered? nm
nm
I thought the deductible was 500 vs 1000 (gold vs silver) but I guess I better go check! sm
As for policy levels, yes, you can get coverage as a single; as a couple; and self / family, with concurrent cost changes. Dental is great too.
Now, where did I put a copy of my BCBS plan... hmmm!
They must deduct FEDERAL taxes.. NOT STATE taxes.. if they took out state taxes.. it would be FLORID
which would only have to be refunded to you for you to pay YOUR state what you owe them which is nothing but a pain... be glad they weren't handling your state tax.. and I think in this case.. if someone at the IRS told you they have to deduct YOUR states taxes.. it is that person who is uneducated... they only have to deduce federal income tax
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