Phlebotomist Self Employed With Employees
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How to fill out Phlebotomist Agreement - Self-Employed Independent Contractor?
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FAQ
In the state of California, the average hourly wage for phlebotomists is $18.50 per hour or an annual salary of roughly $38,306. While researching traveling phlebotomy positions, pay attention to the details. Some companies may offer you full-time benefits as a mobile phlebotomist if you work there long enough.
Independent contractors in California are subject to a 15.3% tax, 12.4% for Social Security and 2.9% for Medicare. And since you are considered to be both the employer and employee by the IRS, this makes you responsible for paying the total tax amount, plus estimated taxes.
Benefits of being an independent contractor Independent contractors get to be their own boss. ... Independent contractors have flexibility over their working hours. ... Independent contractors earn more (before tax) ... Independent contractors can claim deductions. ... Independent contractors can experiment with business ideas.
The general rule is that an individual is an independent contractor if the payer 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.
Being an independent contractor can be rewarding since it offers you the ability to be your own boss, choose which clients to work for, and allow you to work from home. However, being an independent contractor can come with more responsibility. You must fund your Social Security and Medicare taxes.