Posted: 6/13/2007 5:42:28 PM EDT
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I'm paying a local fellow $10 an hour to help me with some difficult farm chores.... What would he have to be making in order to clear ten bucks an hour if he worked for a local business, considering social security,withholding etc? I'm guessing $12-13... |
You are correct. |
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Well, I would figure $10 times 40 hours would result in $400 dollars a week, net income. $400 times 52 weeks would equal $20,800, net income for a year. So if he was paying 20% in taxes, he would be grossing $24,960. That's $480 a week. And that's $12 an hour. These are approximations so to answer your question, si señor... $12 - $13. |
Hey, you need some help? I'm game for a job. As long as there are no cow uteruses involved  |