What percentage of that goes to payroll, SSN, employer and employee taxes, etc...
Any idea how ---from remaining 80%..
employer will generally take payroll charges --10-13% ( depends on company size)
Then goes your income tax like SSN,Medicare, State etc..--20-25-30% ( depends on which state you are in ).
So ultimately you get around 50% of the billing rate in your hand.
Guess Who am i ?
Don't forget about insurance, vacation time...