Employee Cost Analyzer
Compare the cost of a W2 Employee vs. a 1099 Contractor.
Includes Health Ins, 401k match, Equipment, Software licenses. (Standard is 20-30%)
True W2 Cost (Yearly)
$79,500
Includes ~7.65% Employer Taxes
1099 Contractor Cost
$104,000
Hiring the Employee saves $24,500/yr
Need to run payroll? Try Gusto Free for 1 Month