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MyW2

MyW2Employer

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Urban League of Philadelphia neither recommends nor endorses this service, which is provided as a benefit to our members. Urban League of Philadelphia is not responsible for the success of this third-party service.
About This Calculator

Both contract professionals and client companies can use our rate calculator anytime to determine best rates for a contract engagement, whether using MyW2 service or not. Use the calculator to compare take home pay against client bill rates. You may be surprised!
Rate Calculator

  Bill Rate (hourly) W2 Rate (hourly)
Enter: $ OR $


Permanant Residence:    (required)

Choose the best general Workers Comp Insurance Classifications for this assignment from the choices below: (required)
Clerical/Administrative - Working in an office environment. (Applies to most contractors)
Outside Sales - Working in sales primarily away from home office.
Doctor's Office - Working at doctor's office (no inpatient environment).
Hospital - Working at an in patient facility
How many estimated hours will you be working per 4 week period?
  (required)
Admin Fee:
  % (required)
NOTE: MyW2's admin fee is 5%. The ability to change this value is provided for comparison purposes only.

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Optional Services Available: (all contracts)
  Per Diem Reimbursement:
If the contract assignment location is more than 50 miles from your permanent (legal) residence and you stay overnight you are eligible to be reimbursed for hotel and meals expenses incurred, using the federally regulated Per Diem Reimbursement schedule.

Contract Location:   

How many actual overnight stays related to the contract assignment do you anticipate per 4 week period?

Click here to select a federal per diem rate for your contract assignment location.
Monthly Per Diem Expenses: $
Daily Per Diem Rate: $


Other business out of pocket expenses can be reimbursed with tax free dollars. Estimate your monthly out of pocket business expenses, if any, as related to this contract.

Estimated Monthly Reimbursable Expenses: $
Optional Benefits Available: (minimum 25 hours per week to qualify)
Optional benefits and services such as the cost of a health plan can also be figured into your rate calculation. To do this fill out the additional fields below.
  BC/BS Group Health Plan: (medical/dental/vision)
  Not Interested Individual Husband/Wife Parent/Child Family
(Select one to receive health coverage)
  Flexible Spending Account:
A flexible spending account can be used to direct pre-tax dollars towards the cost of health care. This saves you money, and helps you proactively budget for the cost of medical expenses.

Estimated Monthly Medical Expenses:
$
  401(k) Contribution
The maximum allowable contribution to your 401(k) retirement plan is equal to 25% of your gross (W-2) wage. Contributions are tax deferred.

Amount to Contribute:
%
(State as percentage of your W-2 wage)

Show Details
     

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