Don’t know where you got your figures but
Posted By: Thrown on 2007-05-27
In Reply to: Doing some figuring on your production - SaraS
I make almost $24.00 per hour, so that salary is ok with me.
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Figures
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Figures
My figures were based on your production x 0.03 or 0.04 cents per line which is what most of the major companies pay for VR. Of course, I don't know what you get paid and it doesn't matter, was just doing the figures based on the AVERAGE pay I know is being offered. I think 3000 lines per day is pretty much the high end of what most people can produce. Some dictators lend themselves well to VR and others do not and that slows the production.
my figures were off.....sorry...sm
I went looking for the stats - and these stats I'm going to paste are from the 2000 census - and believe me, things have changed drastically since then....back then I read/heard there were 800,000 cubans in Miami but I think it was Miami-Dade and the stats i just found are Miami only....and 65% of the population are hispanic/latino but that's not just cubans...the 2000 census says total population in miami is 404,000. I'm disputing that today but new stats (accurate) are a tad difficult to find...but I'm still researching...*laughs*
2000 census info for Miami, Florida:
Population - 362,470
![362,470]() FL (Florida)" src=http://www.muninetguide.com/muninet/images/blend.jpg" width=226>
Latino
![65.76%](http://www.muninetguide.com/muninet/images/px-orange.gif") 65.8%
White
![11.83%](http://www.muninetguide.com/images/px-green.gif") 11.8%
Black
![22.31%](http://www.muninetguide.com/muninet/images/px-purple.gif") 22.3%
The median age for residents in Miami, FL is 37.7 (this is older than average age in the U.S.).
Families (non-single residences) represent 62.1% of the population.
Median Household Income
2000 U.S. Census data, adjusted for inflation
info gleaned from below link:
http://www.muninetguide.com/states/florida/municipality/Miami.php
when they speak of Miami with the bigger #s I just read at another site - they mean Miami-Dade, Broward, and Palm Beach County, total population of all 3 counties is 5.4 million, and all 3 counties comprise South Florida (as I would think/presume Naples and other more SW cities do on the Florida West Coast)....
all very interesting....I'm glued this afternoon to checking this out 
Here's some figures for you to gum on ..
For me, the half cent a line incentive averages out to about $1.75 an hour more JUST FOR THE CMT equates to about $1750 a year on a 20-hour a week job.
The 1 cpl incentive comes to a little more (easier platform and accounts) comes to about $3.80 an hour more and about $3800 over the year for 20 hours a week.
So, it totals about $5500 a year. For me, it's worth it.
I don't know where you got your figures, but you are incorrect.
Self Employment tax is only about 15.3%, which is only a small percentage more than you'd pay with employee status. FICA and Medicare are already taken into that figure. As a self-employed person, you get to deduct a bunch of stuff, too, so your taxable income isn't as high as it would be if you were an employee. Nobody earning $1,000 is taxed at 40%. You have to earn more than $278,450 as a single person to be in the higher federal tax bracket of 39.6%. I've been self-employed for over 8 years now. I've never paid anywhere near 40% in taxes.
BTW, I have a minor in accounting with many years of bookkeeping and tax preparation experience. If you still don't believe me, check out the Small Business section at the IRS.GOV website. There is a ton of accurate information there.
I don't know where you got your figures, but you are incorrect.
Self Employment tax is only about 15.3%, which is only a small percentage more than you'd pay with employee status. FICA and Medicare are already taken into that figure. As a self-employed person, you get to deduct a bunch of stuff, too, so your taxable income isn't as high as it would be if you were an employee. Nobody earning $1,000 is taxed at 40%. You have to earn more than $278,450 as a single person to be in the higher federal tax bracket of 39.6%. I've been self-employed for over 8 years now. I've never paid anywhere near 40% in taxes.
BTW, I have a minor in accounting with many years of bookkeeping and tax preparation experience. If you still don't believe me, check out the Small Business section at the IRS.GOV website. There is a ton of accurate information there.
Unemployment figures are also down
because the people that have run out of unemployment compensation are not counted in the final tally. Yes, unemployment figures are very misleading.
Also, are these figures before tax/expenses or after? sm
Some ICs might be quoting their pay before taxes and expense deductions, which isn't their ACTUAL pay for the year. If someone has their own accounts and says they bring in $50K per year, that's possible, but probably not the amount they receive free and clear.
I find it hard to believe anyone makes that much free and clear unless they are working 12 hours a day, every day, and pulling in a significantly high per-line rate. I'm not saying it can't be done, but I base this opinion on the fact that I make a very good line rate, type over 100 wpm for easy accounts I've had for years, and still don't bring in that kind of money free and clear. I come close with my gross income, but after taxes and expenses, it's only about 65% of that! And I work 9-10 hours a day with only one week of vacation per year.
Come to think of it, that's pretty sad when I see it on paper. LOL I'm going to go look for a new line of work now.
Lines per hour - I just do NOT get these figures. PLEASE tell me how you hit these #s
Okay. I have been doing this for 25 years, and am a CMT. I rarely have to reference anything - even meds. If I do, I can find my answer in 30 seconds max. I type on a super platform, have a great expander and spell check, and type really, really fast - averaging 120 wpm last time I tested. I have a great account, though I use NO normals or standards. I simply cannot - accounts are verbatim to the word, and nothing is repeat dictation. Even Op reports, which are my specialty, all MUST be typed from scratch. I average 200 lines per hour - maybe 250 at best. I am great at this except obviously not making 1000 lines in 3 hours. There must be some detail that you guys are leaving out, which, if it makes me feel like mud, must really dash the hopes of those new to the profession. Is it that you all use normals or standards or copy and paste your own stuff to boost up those line counts? Otherwise, how on earth do you hit those numbers? I'm asking sincerely, cause I used to be SO happy hitting 1200 lines after a 6 to 7 hour shift, but now I feel like a total failure. I'd rather do this in 3 hours, or I'd rather hit 2000 in the 6 hours. Is it the macros and standards and normals and all? I think that MUST be the key, in which case I won't feel bad, because my account simply won't allow that! Thanks for any tips!
I have heard fair figures between $14 to $18
per hour. Good luck!
I realize that, but any average figures?
About 7000, but our income is low 6 figures, so ratio isn't too bad.
s
The "unemployment" figures are down bec our country does not count
have gotten discouraged and given up. So the unemployment figures are very misleading according to a PBS program I listened to this morning. That sure made sense to me bec all around me I see people being laid off and they sure aren't getting jobs.
That's great if I typed with 65 cpl, but my National's line figures
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