Mestri percentage and payroll taxes doubt

[Reddy86]

Nenu first nundi FT chesthunna, eppudu mestri kinda pani cheyaledu, so naku ee details emi teliyadu. Monna oka mestri tho matada. Naa salary gurinchi adigadu FT lo 115K ani cheppa, vadu mee vadu baga isthunnadu ga, nee dantlo billing thakkuva annav vadu 115k ki 14% payroll taxes kattali it is around 16K and benefits evali annadu. 

eppudu naa doubt enti ante most of the people mestris deggara chese vallu 70% to 80% range lo thisukuntunnaru. that means 70% vadiki payroll taxes tho kalipi 80%, so 20% matrame mestri ki velthundi, ade 80% ayithe payroll tho 10% matrame miguluthindi. edi nijama 14% pay roll taxes kattala?

[BostonBullodu]

Nuvvu mesthri daggaraki pothe vadu cheppindi vinale endukante adi vedam(as per him)

Nachakapothe continue FT 

Anivara karanala valla FT to Contract vellalsi vasthe do what he says(no other options)

All mestris syndicate policy eh untadi for payroll taxes. 

 

[Kontekurradu]

LTT 

[Reddy86]

Naku GC chesthademo and future lo vadi kindakia veldam ani. Naa dantlo corp to corp chala takkuva untai and billing thakkuva untundi ani discussion. andukosam matlada. FT nunchi veldam ani kadu. But 14% payroll taxes ante chala ekkuva anipinchindi. Vadu nijam chepthunnada leda ani doubt. 

naku FT ee cheddam ani undi, but naku GC chese vallu dorakatledu. 

[Merabharathmahan]

Neeku run chese pay amount meeda 7% taxes mestri kadutadu ani telusu. If he is taking 20% then that actually means 13% profit but vallu bulk lo tax returns antha mandi employees ki kalipi chestaru kada so vadi guest house expenses and other operation costs chuyinchukoni dabbulu migulchukuntadu. I guess 5% kadutademo. 

Experts answer exactly how much percentage tax employer pay chestadu if he is taking 20% on C2C project. 

[BostonBullodu]

4 minutes ago, Merabharathmahan said:

Neeku run chese pay amount meeda 7% taxes mestri kadutadu ani telusu. If he is taking 20% then that actually means 13% profit but vallu bulk lo tax returns antha mandi employees ki kalipi chestaru kada so vadi guest house expenses and other operation costs chuyinchukoni dabbulu migulchukuntadu. I guess 5% kadutademo. 

Experts answer exactly how much percentage tax employer pay chestadu if he is taking 20% on C2C project. 

it varies from employer to employer H1b extensions ki vade pettukuntadu

Kondariki 50% insurance isthadu

Kondariki GC lo 50% kadthadu

so there is no way to predict right amount of profits he is getting

[yankees]

25 minutes ago, Reddy86 said:

Nenu first nundi FT chesthunna, eppudu mestri kinda pani cheyaledu, so naku ee details emi teliyadu. Monna oka mestri tho matada. Naa salary gurinchi adigadu FT lo 115K ani cheppa, vadu mee vadu baga isthunnadu ga, nee dantlo billing thakkuva annav vadu 115k ki 14% payroll taxes kattali it is around 16K and benefits evali annadu. 

eppudu naa doubt enti ante most of the people mestris deggara chese vallu 70% to 80% range lo thisukuntunnaru. that means 70% vadiki payroll taxes tho kalipi 80%, so 20% matrame mestri ki velthundi, ade 80% ayithe payroll tho 10% matrame miguluthindi. edi nijama 14% pay roll taxes kattala?

all together mestris pay 12.75% taxes, depending upon they pay u........lets say desi mestri, they tell they pay u 80%, but some of them run salary based..

for ex: if ur billing is 70$ to employer, then u should be getting 56$/hr,but he will pay u only 50$/hr and put 6$/hr so that u r payroll will be consistent even if u change jobs and in the new job if u get less billing with the current one.

Lets say he is paying 50$/hr , he will be paying the employer tax on the 50$/hr only, not on the 56$/hr.

[Bestguy]

3 minutes ago, yankees said:

all together mestris pay 12.75% taxes, depending upon they pay u........lets say desi mestri, they tell they pay u 80%, but some of them run salary based..

for ex: if ur billing is 70$ to employer, then u should be getting 56$/hr,but he will pay u only 50$/hr and put 6$/hr so that u r payroll will be consistent even if u change jobs and in the new job if u get less billing with the current one.

Lets say he is paying 50$/hr , he will be paying the employer tax on the 50$/hr only, not on the 56$/hr.

employer taxes nuvvu cheppinattu vundavu..if employer pays 56 dollars at any point of time in the given year ..he has to pay the taxes..Taxes ante social security and medicare major part..both employer and employee has to pay the same amount..Employer year endo lo match chesi kadtadu SSN and medicare taxes to govt....Pai post lo cheppinaatu avi emi refund raavu employer ki bulk loo..

 

SSN and medicare both employer and employee has to pay..neeku end of the year oka 120 k pay chesthee hee ahs to pay theese txes..Irrespective how he paid monthly or qtly...Lets say employer 100 dollars extra in a given month he ahs to pay ssn and medicare on 100  dollars..No one gets the refund on these..

 

Employer Payroll Taxes

Companies are responsible for paying their portion of payroll taxes. These payroll taxes are an added expense over and above the expense of an employee's gross pay. The employer-portion of payroll taxes include the following:

• Social Security taxes (6.2% up to the annual maximum)
• Medicare taxes (1.45% of wages)
• Federal unemployment taxes (FUTA)
• State unemployment taxes (SUTA)

[Bestguy]

19 minutes ago, Merabharathmahan said:

Neeku run chese pay amount meeda 7% taxes mestri kadutadu ani telusu. If he is taking 20% then that actually means 13% profit but vallu bulk lo tax returns antha mandi employees ki kalipi chestaru kada so vadi guest house expenses and other operation costs chuyinchukoni dabbulu migulchukuntadu. I guess 5% kadutademo. 

Experts answer exactly how much percentage tax employer pay chestadu if he is taking 20% on C2C project. 

Idhi Irs ki kattaru refund emi radhii even if you have 100000 employes and million dollar expenses..below are non refundable.. 7.65 % anduloo potundhii no body gets thiss..Nuvvu citizen aythee aa money neeku istara after u retire..DOnt post with out knowing the facrs...

• Social Security taxes (6.2% up to the annual maximum)
• Medicare taxes (1.45% of wages)

[yankees]

4 minutes ago, Bestguy said:

employer taxes nuvvu cheppinattu vundavu..if employer pays 56 dollars at any point of time in the given year ..he has to pay the taxes..Taxes ante social security and medicare major part..both employer and employee has to pay the same amount..Employer year endo lo match chesi kadtadu SSN and medicare taxes to govt....Pai post lo cheppinaatu avi emi refund raavu employer ki bulk loo..

 

SSN and medicare both employer and employee has to pay..neeku end of the year oka 120 k pay chesthee hee ahs to pay theese txes..Irrespective how he paid monthly or qtly...Lets say employer 100 dollars extra in a given month he ahs to pay ssn and medicare on 100  dollars..No one gets the refund on these..

 

Employer Payroll Taxes

Companies are responsible for paying their portion of payroll taxes. These payroll taxes are an added expense over and above the expense of an employee's gross pay. The employer-portion of payroll taxes include the following:

• Social Security taxes (6.2% up to the annual maximum)
• Medicare taxes (1.45% of wages)
• Federal unemployment taxes (FUTA)
• State unemployment taxes (SUTA)

yeah i know they will pay at the end of the year.... 20% lo vadu neeku 6.2% and 1.45% kadtadu which is 7.65%....remaining 12.35% employer profit kada..... kani naku telisina donga saley gallu company insurance kuda memu kadutunamu antadu.........vadu katte one year insurance ki andari daggara nokutadu............

asalu employer ante ne fraud

[Reddy86]

ok ayithe 7.65% kadathadu, not 14%. inka amendments ki H1B ki pay chesthe vadiki entha miguluthundi bayya

[Bestguy]

20 minutes ago, yankees said:

yeah i know they will pay at the end of the year.... 20% lo vadu neeku 6.2% and 1.45% kadtadu which is 7.65%....remaining 12.35% employer profit kada..... kani naku telisina donga saley gallu company insurance kuda memu kadutunamu antadu.........vadu katte one year insurance ki andari daggara nokutadu............

asalu employer ante ne fraud

 

19 minutes ago, Reddy86 said:

ok ayithe 7.65% kadathadu, not 14%. inka amendments ki H1B ki pay chesthe vadiki entha miguluthundi bayya

ave kaka inka taxes vuntai:dont forgot below 2 expenses (ee 4 must and should ga kadtaru)..Just google chesinaa ee 4 taxes vastai 

• Federal unemployment taxes (FUTA)
• State unemployment taxes (SUTA) ee 2taxes will come to 1.2% rough gaa..

Just taxes = 6.2% (SSN)+1.45% (Meidcare )+ 1.2% (SUTA+ FUTA(THese figures will go up if it is big company firings ekkuvu vunna pergtundhi ee figure))

ABove sum comes up to 8.8 %..aa above must and should kattali andaru..

 

Other expenses below:These below expenses will vary depending on size of the company and number of employess and some other factors.They might be more or less..

 

Company insurance: This is not health insurance ...company pays for insurance to protect themselves.. Midsize companies oka 20-300k vuntundhii per year..

 

Office expenses: Rent, accounting, HR , sales people, recruiting people cost Phones cost, internet charges,stationary cost> main thing Dice monster ivi expensive koncham

 

Payroll cost: ADP or paychex cost or some other payroll company

state tax:State ki kuda taxes kattali..registration cost to that state . if an employee moves to new state..they will pay some amount to that state..

IRS tax:IRS ki kuda kattali enthoo every year..

 

 

 

Ee above chepppianvi anni andaru kadtaru more or lesss ..must and should..

 

 

I dont want to discuss below expenses:

H1/GC cost/Health insurance cost/Guest house expenses..As it varies lot..

 

 

 

 

 

 

 

 

 

[Reddy86]

2 minutes ago, Bestguy said:

 

ave kaka inka taxes vuntai:dont forgot below 2 expenses (ee 4 must and should ga kadtaru)..Just google chesinaa ee 4 taxes vastai 

• Federal unemployment taxes (FUTA)
• State unemployment taxes (SUTA) ee 2taxes will come to 1.2% rough gaa..

Just taxes = 6.2% (SSN)+1.45% (Meidcare )+ 1.2% (SUTA+ FUTA(THese figures will go up if it is big company firings ekkuvu vunna pergtundhi ee figure))

ABove sum comes up to 8.8 %..aa above must and should kattali andaru..

 

Other expenses below:These below expenses will vary depending on size of the company and number of employess and some other factors.They might be more or less..

 

Company insurance: This is not health insurance ...company pays for insurance to protect themselves.. Midsize companies oka 20-300k vuntundhii per year..

 

Office expenses: Rent, accounting, HR , sales people, recruiting people cost Phones cost, internet charges,stationary cost> main thing Dice monster ivi expensive koncham

 

Payroll cost: ADP or paychex cost or some other payroll company

state tax:State ki kuda taxes kattali..registration cost to that state . if an employee moves to new state..they will pay some amount to that state..

IRS tax:IRS ki kuda kattali enthoo every year..

 

 

 

Ee above chepppianvi anni andaru kadtaru more or lesss ..must and should..

 

 

I dont want to discuss below expenses:

H1/GC cost/Health insurance cost/Guest house expenses..As it varies lot..

 

 

 

 

 

 

 

 

 

inni pothe entha miguluthundi  vadiki. Anduke vallu ee range lo pekkuthintunnaru. In addition to these kondaru vendors money pay cheyakunda like portion of it eggodatharu ani vinna from a marketing HR of mestri

[Bestguy]

11 minutes ago, Reddy86 said:

inni pothe entha miguluthundi  vadiki. Anduke vallu ee range lo pekkuthintunnaru. In addition to these kondaru vendors money pay cheyakunda like portion of it eggodatharu ani vinna from a marketing HR of mestri

yes vendors bane bokka pedtaru madhya loo ..oka 20 k -30k especially mana desi gallu  bokka pedtaru..

[Merabharathmahan]

C2C lo $70/hr employer ki vendor pay chestunte employer $70/hr vendor nundi theesukunetappudu emina pay cheyala tax. 

Then 20% pattukoni ante $14 pakkaku petti $56 manaku w2 meeda run chestadu kada so just $56 meedane employer 7% tax kadutada or first vendor nundi c2c meeda theesukune dani meeda kooda tax kadutada