Project Contractor Salary In Philadelphia
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The Commonwealth of Pennsylvania currently has no licensure or certification requirements for most construction contractors (or their employees).
What Insurance Do Contractors Need to Get a License in Philadelphia? You need general liability insurance with coverage of at least $500,000. If you employ people, you must show proof of workers' compensation insurance too. The insurance certificates must name the city as the certificate holder.
All contractors, including self-employed contractors and sole proprietorships, subcontractors and independent contractors, and corporations, partnerships and all other types of business entities must be registered, unless they fall into the two exemptions above.
As an independent contractor, you must also withhold the standard federal self-employment taxes for Social Security and Medicare. The current self-employment tax rate is 15.3%, which consists of two parts: 12.4% for Social Security, including old-age, survivors, and disability insurance.
Contractors in Pennsylvania need a license to remain on file with state records and to ensure that contractors meet minimum skills and knowledge thresholds to provide safe, high-quality services.
The law exempts from the registration requirements contractors who perform less than $5,000 worth of home improvements in a calendar year.
Ing to GOBankingRates, Pennsylvania's middle class income in 2022 (the most recent year available from Census data) was between $48,780 and $146,340.
Those numbers revealed that you would need a salary of $85k to live comfortably in Philadelphia, which fittingly grades a 76 on their 'livability' scale. In the most expensive city on the list, you need an annual salary of $266,000 to live comfortably.
Those numbers revealed that you would need a salary of $85k to live comfortably in Philadelphia, which fittingly grades a 76 on their 'livability' scale. In the most expensive city on the list, you need an annual salary of $266,000 to live comfortably.
$75000 Salary in Pennsylvania. $69,700 is the 25th percentile. Salaries below this are outliers. $72,700 is the 75th percentile.
