Is this a good pay for a network engr in NJ/NYC?

[Deslok]

Originally posted by: TallBill
I've lived in Newark, and my name is Bob

Where in Newark and for how long?
My apologies I was just going by you nik.

 

[TallBill]

NJIT And only for a semester. But the whole city sucked ass.

 

[Night201]

Originally posted by: Rudee
It's the living in NJ or NYC thats the dealbreaker for me. filthy filthy cities.

Not all the cities - only in and around Newark. Bergen County (northeast) isn't the 2nd richest country in the country for nothing!

 

[Deslok]

Originally posted by: TallBill
NJIT And only for a semester. But the whole city sucked ass.

Nah- the area around NJIT is the pits but if you went to DownNeck or Ironbound you would have found many reasons to appreciate the area.

 

[mugs]

Originally posted by: beer

Originally posted by: psteng19

Originally posted by: her209
$35 / hr * 2080 hours / year = $72800

Considering that's in NJC/NJ, I'd say that's pretty sh!tty.

Uhh... right... maybe if you're looking to live in a penthouse apartment on Park Ave :roll:

The only reason why you shouldn't take this job if you get an offer, is because it's a contract position and you have to relocate.

With 1099 you'd pay a SH!TlOAD in taxes. I would ballpack that in addition to 15% social sec, on top of everything else, you'd probably only net about $40K a year. Assuming you could find health insurance for $150 a month, that comes down to about $38K a year, after taxes. The 1099 kills you.

The only real difference in taxes between 1099 and W2 is that he'd have to pay the employer's portion of social security, right? So the difference is only ~7.5%. I'm not sure if you intended to, but you make the difference seem a lot more substantial. Granted, it is about $5000. I think as a W2 he'd net in the low 50s and as a 1099 he'd net in the high 40s, depending a lot on how many days he takes off in a year (you have a lot more incentive to show up for work when taking a day off costs you $280).

Health insurance on the other hand, good luck getting that for $150. Aetna's cheapest plan in NJ was $420 a month last I checked. When you figure in not having other benefits, it is comparable to a salaried job in the $50s.

 

[psteng19]

Originally posted by: beer

Originally posted by: psteng19

Originally posted by: her209
$35 / hr * 2080 hours / year = $72800

Considering that's in NJC/NJ, I'd say that's pretty sh!tty.

Uhh... right... maybe if you're looking to live in a penthouse apartment on Park Ave :roll:

The only reason why you shouldn't take this job if you get an offer, is because it's a contract position and you have to relocate.

With 1099 you'd pay a SH!TlOAD in taxes. I would ballpack that in addition to 15% social sec, on top of everything else, you'd probably only net about $40K a year. Assuming you could find health insurance for $150 a month, that comes down to about $38K a year, after taxes. The 1099 kills you.

He, nor I, made no mention of taxes.
He stated $70k a year is bad in NYC. I disagree.
You can live very comfortably on $72k/year gross, regardless of taxes.

And yes I know the difference between 1099 and W2.
I used to do commission-only work for a very short time.