Don't forget, as an IC you have to pay your SS and taxes....so you could be taking a cut...nm
Posted By: FLmt on 2007-07-13
In Reply to: Paid by line question - Kim
nm
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- Paid by line question - Kim
- Don't forget, as an IC you have to pay your SS and taxes....so you could be taking a cut...nm - FLmt
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And don't forget that 30% of your IC wages need to go for taxes, too. nm
s
IC - taking out taxes?
How much taxes do you have to take out if you are working as an IC and do you have to file quarterly? This is for the state of Florida. Does anyone know.....
Why would taking taxes out matter??
YOU pay your taxes, no matter if they are taken out by the company or not.
There is a misconception that employers "pay" the taxes when they take them out. That's not the case. They withhold them on your behalf. If they don't withhold enough, you have to pay at the end of the year.
So, no, withholding is not a reason to switch.
SS might be a reason. As an IC, you pay both halves of SS yourself (since you employ yourself). As an employee, you pay half and the employer pays half. That may or may not be enough to sway you. Their portion is a little more than 7%.
Income adjustments due to business use of home are about the same for both.
Forget "per line." Your take-home pay should be taking home SM
roughly what it was before. If it is not, is it because your current pay rate for editing (which in many companies keeps changing as the VR system is developed) is too low or is it because your talents and skills are more for speed typing than speed editing?
If the first, discuss it with higherups, and go get a new job if you don't get the response you need. My last MTSO was secretly refiguring how production was counted to pay us less. I can accept hard reality, it was the secrecy that burned. Sometimes, though, it's just that the learning curves of individual editors and that of the system aren't in sync, and you end up temporarily making less.
If the second, though, recognize it as soon as possible and change to straight transcription work, in your company or a new one, for as long as you can find it.
As for why we aren't paid more for a higher skill, that's just the way the labor supply ball bounces. Best wishes.
You have your W2 showing very clearly those taxes were paid. MQ is responsible for those taxes
because you were a statutory employee. That is the responsibility of the employer to pay those just as though you were an employee.
As an IC when paying taxes, are SS and fed taxes sent SM
to the same place?
THANK YOU! That is my point. She still pays taxes, her DH still pays taxes...
so who exactly is getting cheated? And just who are you talking about when you talk about whether it is "fair" or not. I don't give a crap how much taxes my neighbor pays. It's none of my business. And if I found out they were paying less in taxes than me, I would ask them how they heck are they doing it so I can do it too!
I just want ask, is it necessary to get personal and insult? You disagree with me, fine. But I've been called a liar, a cheat, a no-ingetrity thief, my intelligence has been insulted, and I have had my parenting skills questioned. That is a little over the top. If you cannot debate an issue without resulting to personal attacks, then YOU are the stunted one!
It is a very good thing that some of you work at home, ALONE! You are sorely lacking in people skills and diplomacy. Let me guess, when you worked in the office you were one of those girls who didn't like to share her desk, griped if someone dropped a crumb on your desk, and kept track of everyone's breaks, lunches, and line counts just so you could tattle to the supervisor! I've worked women like you, it was like working with kindergarteners. That's why I came home to work. Do us all a favor, looking in the mirror, count your wrinkles, and realize that this isn't high school anymore!
Don't forget to ask...
What types of accounts you will have and whether you will have backups if your primary runs out of work. Do they pay for spaces and use of expansions or normals? Are hours flexible if you need it? Is there any charge for equipment? software? Is tech support available all the time? How soon do the bennies such as health insurance kick in? How often do you get paid and when can you expect your first paycheck? Do they give pay raises, incentives or anything else that can increase your income? What kind of training will you get until you are comfortable with the accounts? Are there a lot of ESLs?
Whether they answer any questions honestly or not you will find out when you get started. Probably best to run the company name on MTStars and see what you get. Good luck! 
Will never forget
nm
Yep, and don't forget 100% QA! LOL. Seriously, I
x
yes, that's what I always do, but don't forget
Frozen ham has a tendency to taste saltier, so when you use it, you probably won't need to add any salt.
and don't forget
Don't forget that before white out and all the other things, we had to use a razor blade to remove errors from ALL of the copies. I worked for a VA Hospital and everything had about 6 or 7 copies. Cut many a finger in those days, but learned how to be accurate really fast.
Forget about them and those like them and
live your life, period. I wish I could post a saying I got from Mother Theresa the other day but it does something like this:
People will hate you. Do good anyway. It was never about them, it's only about you and God. Something along those lines. And only half of these posts are nuts.
I'm sorry, but how can someone just forget...
Valentine's Day? That's like forgetting it's Christmas. It's all over the TV, in the stores, everywhere you go, there was something about Valentine's Day. I don't buy the "forgetting" thing at all...unless he lives under a rock or in a cave, he didn't forget...
Better to forget IC at 6 to 8 CPL
After you pay your taxes, it averages only 4 to 6 CPL. I would rather be an employee. Never will go IC again.
And let's not forget..............nm
Don't forget sm
you'll probably be typing headers and a bunch of junk. Not for me, but if you do it, make sure you'll get paid for it.
don't forget a
It really helps if you can have someone who is just in charge of the money. They could sit at a table and concentrate on just taking in the money. You can get really distracted when buyers want to ask you about merchandise. So much fun at the end of the day adding it all up and treating yourself to a yummy lunch!
just like me to forget something..
also must pay local tax and Soc Sec tax of 15%. Yuck!
yes, and don't forget
x
Oh and don't forget...
the one I came across that took it to the bathroom with him and it was still running!!! GROSS!!!!!!! 
Forget it. You do not need it.
x
don't forget to look at
overstock.com when purchasing! I've found a couple of books there cheap, and the shipping is usually cheap, too. They do have the CD version for $42 and change right now with $1.40 shipping.
Sometimes they forget
My friend is a speech pathologist. She told me that before she met me, she never used to think of the transcriptionist. She hated dictating, but she had to do it. So she used to dictate as fast as possible just to get it over with, not thinking that someone had to figure out what she was saying. But now she makes an effort to be understood and actually acknowledges MT and will say good day and thank you.
Don't forget.....
Work is not guaranteed, no pay for downtime (or rarely), must know all specialties, be around when work is there - not necessarily what you agreed to, work over or get no work, be availabe via phone, messagers and email, oh and be an Office and Word expert cause we aren't providing any help with that...Plus, lunch is at your desk...I bet starbucks even gives you a lunch break without whining about it.
Don't forget to consider your
chair height and whether your hands are too high compared to your elbows.
Don't forget
Things like benefits, paid holidays, vacation and sick pay. Those all add to your per line rate as an employee, and you should be compensated appropriately to offset these things as an IC.
Forget it
You won't get a vacation unless you can find another IC or two who can fill in for you. Also, you will need to schedule around your doctors' vacations - at this point in my life, I don't want to work around the clock anymore and I wouldn't do it, but if you're up for it, you go girl.
Should be FORGET actually, sorry! nm
@
Don't forget also that
the SKY IS FALLING THE SKY IS FALLING !!! Run to your underground shelter ASAP !
Don't forget this cutie!
sexy
so true and don't forget
 my head hurts from the whinnnnnney voice and her total clueless-ness of what
an MT does.
Don't forget the so ever "critical" ....sm
omission of apostrophe's now. According to them it's no longer Alzheimer's disease but Alzheimer disease. Sounds stupid as crap and makes it look like we're a bunch of idiots to type things this way.
don't forget the shoe
 x
WHAT? SO YOU WANT US TO FORGET YESTERDAY?
.
Don't forget Poophead...
Don't forget the tax deductions
Pleae keep all your receipts for hearing-aids/batteries, etc. and check with your tax preparer at year's end or before. I would think this would be deductible but worth asking about.
Forget about it. Some people only come here
to criticize others because they have nothing in their real lives to feel good about. If they have to go around telling us what we do "wrong" and how perfect they are, they have some serious self esteem issues there. Nice judgmental personality types, too.
There's a big difference between an occasional alcoholic beverage and a full-blown substance abuse problem. Unfortunately, public schools teach kids that their parents are "doing drugs" if we imbibe at all. DH and I like an occasional cold Corona with lime to wash down spicy food. Now, our kid thinks we're going to be arrested or die from "doing drugs".
Life isn't black or white, all or nothing, good or bad. There are a lot of gray areas out there. Some people on the boards need to learn that they aren't perfect enough to pass judgment on the rest of us. There's only ONE person who's fit to do that.
Okay, bye! Don't forget to take your meds on the way out!
The level of anger and frustration is actually quite sad.
Oh and before I forget, I am so glad I did not
listen to you all and panic and take him to the hospital. There was no reason for it as, come to find out, angioedema is NOT lifethreatening (very rarely is it) and only when there is difficulty breathing. Talk about a bunch of panic-ridden posters!! WOW!!!
set hours forget about it
not with kids
um because they forget to change the nm to
a simple forgetful error - no need to *vent* about it.....we all do the best we can..... 
I think I could forgive..but not forget.
If either him or I cheated, the trust is gone in the marriage. I think I would forgive him (not right away) as he is the father of my kids and I will always have a relationship with him whether married or not, but I I think at that point, the marriage would be over. That's what marriage is to me, loyalty to each other. I would say he feels the same way. I can forgive anyone, it's just my nature, but I don't forget.
DON'T FORGET TO VOTE!
l
Don't forget you are also describing
yourself if you are an MT, which I am sure you are.
forget it - i found it
'''
Forget it -- I remembered!
Thanks!
Will never forget when I was an MT newbie
had worked about 2 weeks and got a 20-minute report by an ESL med student who stammered through the full note, then said "again" and started over THREE times! I nearly cried. 
Don't forget it's 2008 sm
The rest is up to whoever writes your paycheck. Happy New Year!
And don't forget to encrypt! nm
xx
yes, and not to forget tired...we all know what
this business and its pressures do to us. For that reason alone, you'd think this would be the ONE place people understood and cut some slack.
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