w-9 is to get your leagal tax id and address...
FICA for everyone is 12.8% and 2.9% respectively currently, but employee only pays half while employer pays another half. Since you are a contractor, they will not pay the matching portion (50%), comparing with employee, you look like paying double.
For how to reduce taxes, you'll probably need to ask tax experts or your CPA for advices.
FICA for everyone is 12.8% and 2.9% respectively currently, but employee only pays half while employer pays another half. Since you are a contractor, they will not pay the matching portion (50%), comparing with employee, you look like paying double.
For how to reduce taxes, you'll probably need to ask tax experts or your CPA for advices.
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