On today’s episode, we’ll provide a simple breakdown and comparison between the two income types and the take-home they both receive off the same gross salary.
Topics Discussed:
- What to know about extensions and making an estimated tax payment.
- The difference in tax liability between 1099 and W-2 for the same income.
- Examples of clients weighing the options of the two kinds of income categories.
- What you need to do to start comparing properly.
- Important taxes to keep in mind when it comes to the different categories.
Resources Mentioned:
Tags
financial strategy, wealth building, incometypes, W2, 1099, ER doc finances, financial planning, financial planner, emergency medicine, ER docs, emergency doctors
