How does the transaction privilege tax (TPT) apply to prime contracting? The TPT is imposed on the business activity of performing contracting work as a prime contractor. The tax base is sixty-five percent of the gross receipts derived from the business.
A total Transaction Privilege (Sales) Tax rate of 8.35%, (6.35% State and County, 2.00% Prescott), is imposed on the gross income of any person engaging in Construction Contracting. If tax has been neither separately charged nor separately collected, factoring of tax is allowed in computing taxable income.
"Prime contractor" means a contractor who supervises, performs or coordinates the modification of any building, highway, road, railroad, excavation, manufactured building or other structure, project, development or improvement, including the contracting, if any, with any subcontractors or specialty contractors and who ...
The general rule is that an individual is an independent contractor if the person for whom the services are performed has the right to control or direct only the result of the work and not what will be done and how it will be done. If you are an independent contractor, then you are self-employed.
Ing to Indeed, the average base salary for a project manager in the United States is $90,560 (as of December 2024). Average education & experience: Bachelor's degree. 2-4 years of experience.
Salary for a Project Manager in India ranges between ₹4.2 Lakhs to ₹30.0 Lakhs per year.
The survey found that the median annual salary was approximately ₹19.2 lakhs. Glassdoor reports the average annual project manager annual salary to be ₹15,00,000 in India, with a range of ₹5 lakhs to ₹32 lakhs, depending on role and experience 2.
The salary range for a project manager is $45K-270K. The average salary for a Project Manager in US is $96,362.
Productive project managers spend a BIG percentage of their time communicating, coordinating, and conflict mediating.
Project Manager Salary in India ranges between ₹4.2 Lakhs to ₹30 Lakhs for 4 years of experience to 18 years of experience .