74K solid year income + MT work
Posted By: LA-MT on 2005-11-15
In Reply to: from an MT into a English Teacher - LITTLE MT
I saw in the Education Website a 74K package + some MT work that could get you into 90K a year after taxes. Is it worth it?
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hire people with solid longstanding work background with good references; like myself
nm
But our income for the year is a little over 200K. nm
x
I agree, $80,000 for this year, doubled my income from ཁ
I work 40 hours a week for national service, average 2200-2500 lines a day with full benefits, so far have grossed $60,000 this year. I have a part time IC gig, no more than another 10 hours a week, another $15,000 there with close to 2 months left in the year. My 2 biggest factors in doubling my income were leaving the TV off while I work and converting to Instant Text. I realize many have trouble making that kind of money but it is definitely possible. I'm sure it helps that I am single and childless...I can't imagine trying to keep up with it while having little people around!
work 2 jobs - see income going down -
as I still do mostly transcription but both are heavily into VR with huge pay cuts and I am so fast at typing that I will lose money big time - FT national 45,000, PT small company 13,000.
How does income tax work when you're IC?
I was offered a position from a company as an IC, and the contract had a clause about being responsible for your own tax deductions, etc. As I have only ever been an employee, I am not entirely sure how this works. If you are IC how do you pay taxes? Thanks!
Poll: What do you consider a good income for MT work currently?
You can answer in your subject line. Talking about gross annual income:
1) $20,000 to $30,000
2) $30,000 to $40,000
3) $40,000 to $45,000
4) $45,000 to $50,000
5) $50,000 and up
6) $60,000 and up
MT work - IC or employee or MTSO, even QA work could be included here.
Not sure, I have deductions for federal income tax, SS tax, Medicare tax, and state income tax. ???
nm
IF it is secondary income, where is the harm? As long as you work around your kids (at night, naps)
a big plus when you are around kids all day and bring in a little cash to help out the household.
mL is inappropriate for solid
measurements for tissue specimens, etc., so either cc or cubic centimeters is appropriate. Ask any pathologist.
I have already offered some solid
and I am not going to argue with you.
Solid Gold . . . nm
x
Solid ground for me!
I hope the Admin. does let me know what they need. Like I said before, I just need to know what all they need. I have it.
The Crisco white stuff (solid) or the oil? and did you also
v
You can do it but you have to be determined, have a solid office background helps, obviously an - sm
interest in the field helps too. You don't get a lot of sleep when you are trying to work with kids at home. I started this 3 years ago when my kids were 2 and 3, I basically only worked when they napped and at night after they went to bed. I only worked part-time too, but for the 1st 10 months I had 3 PT jobs, so I was basically FT and obviously very tired. But I was trying to get as much experience and exposure as possible. It has paid off for me. I generally work 2 jobs at once as I don't like having all my eggs in one basket (I need a min. monthly income of $1K) though right now I am only doing one PT, about 3000-4000 lines every 2 weeks. I am back to working nights and early morning now though at the current time. But a strong office background helps a lot, discipline, and determination. My strong office and lab background helped a lot for me to make the transition to working at home and also I was used to working unsupervised. You tend to get thrown to the wolves doing this so you better be able to land on your feet quick. CareerStep is supposed to be a very good school though, I know a few people who did it and were hired straight away, granted that was 3 years ago and the work is a lot harder now at least with the nationals. I prefer the small MTSO, generally a better grade of work and people. Good Luck. 
Solid company, nice owners, LOTS of ESLs nm
Work for a company in a state that has no state income tax
I think there are 3 or 4 out there (Florida, Texas, and a few others.) Then you really avoid the tax situation.
One year at work.. we all dressed as
we all wore striped jail outfits and hats.. and, considering where I work, it was definitely true! We wore handcuff and had chains.. it was funny!
I always have more work this time of year
I have my own office account and patients try to get in their yearly appointments before their yearly deductible is due in January again so my work always picks up this time of year. January is usually a little slow for me but it picks back up by February normally and stays quite consistent the rest of the time.
Sounds like where I used to work year ago! - sm
My mom and I worked together at a research and analytical lab/supply co. We had to arrive at 7:45 (regular hours were 8-5 with an hour for lunch) and my mom had to "clock" in everybody to check that they came in on time and submit it weekly to the boss/owner. You had to give blood to get OT and you had to do above and beyond your job about 200%. The company "rules" were pretty stupid the things we were not allowed to do. If you got a personal call (and I do agree work is not the place for personal calls but emergencies do happen) it was "logged in" and you had to sign a slip saying you received a personal call, its nature, if it was an emergency, etc. As for raises, rarely, once every 4-5 years if you were lucky. If you asked for one he would tell you to go find another job, a real sweethart. Morale sucked there to say the least. I wore so many "hats" it wasn't funny. I made peanuts too in comparison to all that was expected of me. After I quit (left to get married and move to another state) my replacement was hired at twice my salary (she was about twice my age too but she was the boss's right arm's wife) and did about a 10% of my job (nice for her). My mom stuck it out for about 5 more months before she quit. The boss was just a plain jerk and took it personal that I quit (I'd been there PT and FT for 13 years) and also threatened a law suit when I moved and got a job with a "competitor" (a much smaller lab/supplies company). The law suit fell through of course after he saw the confidentially agreement I signed which made no mention of working for competitors.....he quickly revised that of course screwing future employees...we are not talking about a multimillion dollar company (not even a million a year). So as much as the above is a joke, there are bosses/companies out there like that.....
Work with only a year experience
Well I'm looking for work .. I have a year experience, my current company is 3 cents a line ... ICK but I needed the experience..
HELP any hints....
Need a decent company...
How much do you make per year doing MT and do you work PT/FT and
for a company or have your own clients? Just wondering how I compare. I work for both and made just over $24,000 last year.
I'm actually training my 14 year DS on MT work...
his grammar is much better than many MT's who took my grammar screening and he is developing quite an ear. I sit beside him and overlook what he is typing and man is he doing great! At 3 cpl he makes anywhere from $3.33 an hour to $5 an hour and will soon be due a raise, doncha think? Oh and B4 someone starts screaming about patient confidentiality, he signed the confidentiality form and contract and is now a bonafide IC.
I got some last year and frankly, don't seem to work...sm
for me. I think they would probably do better with boots on, but that isn't going to happen. They seem to just heat in the toes and really not very much. Don't keep me any warmer than heavy socks. I also have some socks that are to microwave. They have beads all through the bottom of the sock. Not bad, but very temporary and tough to walk with.
ICs, anyone work part of year as
and then change over? I have become totally spoiled. Started IC late in the year so about 2 months total but now is a new year and I am pondering about going to a part-time employee rather than me having to do the tax but wondered if I could wait just a littleeee longer before I have to give you know who all my money???
May be so but don't forget they don't work all year
Road construction is done in the summer (no vacation if you want to make money). Then you must keep some of that money for winter when you don't work. If there is no road construction, you don't work, either.
Hubby only worked 70 days this year. Road construction is down the tubes for the next 5 years. It's also hard, back breaking work if you're a laborer. You're out in the hot sun all day long and some places don't give any breaks. If the schedule is screwed up and they get behind, they have to work extra hours to get back on schedule.
On some jobs, my husband would work 12 hours or more a day plus an hour to and from the job. That's long hours, but you have to go where the jobs are. They're never in your backyard.
He's not a laborer. He's a tri-axle owner/driver. He makes somewhat more than $30 and hour, but still makes less than I do after all expenses, especially with the cost of fuel nowadays.
You went unemployed for a year to settle for IC work
So you pay huge amounts for your own taxes, benefits, etc. No PTO, no sick time, no holidays.
Good job on holding out there! Way to go!
Mine avg. around $2K a year that is it -- all work via the internet- sm
I cannot see how anyone can write off $10K unless they are fudging things or have a very large office area in a very expensive house with a BIG mortgage---and drive back and forth delivering tapes, print outs, etc. I do not do the mortgage/office deduction so I am sure I could write off another $1K if I did that, but as I don't know when we are moving (planning to one of these days) I don't want the hassle so I just eat that one. As for my write offs I deduct anything remotely used or needed for work, electricity, paper, ink for my printer (print patient lists), my fax service, internet, FTP, any programs/upgrades, virus protection, reference books, any equipment (did my computer a couple years ago), phone line for work, etc. I am sure there is more (i.e. a new desk, chair, etc.). If you use it for work, write if off. --From the sounds of it though your accountant is right.
I've been wearing them for a year while I work with no....sm
problem. They aren't that strong.
Totally agree. My husband has been out of work for 1 year. sm.
In that time he has graduated college. We have applied to close to 100 places with NO responses. I work two jobs (one of which just got cut back). Its tough but I don't ask for help. It drives me to the point of wanting to hit someone when they say "Tell you husband to just get a job". I just took out 30,000 in student loans to help him get a "career" because that is what they tell us to do in a recession but guess what..NOBODY IS HIRING. If you have a job, your lucky, keep it. If you quit your job just because you want state aid, your a fraud and a liar and a poor parent. HOW could you teach your child values, responsibility and work ethic, if you have none yourself.
Last year we went to Disney and I work on a laptop so I brought it and didn't
take any time off so I could work. After much probing, calling, and trying to set up my internet (I made sure the hotel had wireless or I wouldn't book it), I finally got on line, but it was the night before we had to leave anyway.
I absolutely love my Dell laptop because of the flexibility and I can work on the dining table, office, kids room, etc. I can't imagine ever going back to a desktop PC.
But, you never know when you travel if 100% you will be able to get online.
Been at home for over a year now and I switched to night shift. I work for a national. Started out
working the night shift and sleeping in shifts during the day. My kids are way older but that doesn't mean they don't interrupt me. Besides, there the phone issue, more interruptions, the dogs bothered me a lot, too. Love them dearly but, oh so spoiled. It was taking me 10 hours to do what I can do in 8 on nights, plus I manage to get more sleep, if you can believe that. I still get supper on the table, vacuum, laundry, etc. So far it is working pretty good, so I think I will put in for permanent night hours for awhile. No sense in working 10 when I can work 8.
I *only* make $40K a year for full time work. Now I find that isn't decent is or fair?
nm
Mine are in year-round thank goodness! They've started their new year 2 months ago.
x
Union diesil mechanic - good pay, great benefits. We swap year to year on who brings home more sm
money.....but I am an IC and he has all the benefits...health insurance/dental that the company pays for, pension plan, 401k, etc. Factor all of that in and he makes way more than I do.
to cowgirl - Last I knew, last year the job paid $25,000/year no taxes, etc.
The hospital was bombed about a year ago, but not a lot of damage, very minimal damage.
44-year-old WF, M, Texas, 3 grown kids, just had 26 year wedding anv.
nm
nope, still crunching last few days of year to hit my 50k this year. how can you when you haven'
;
Nothing this year. We ALWAYS got a cool surprise in the past, but this year nothing. :-( nm
d
After I went to a 1-year MT course at a vocational school, it was so bad that I did the 2-year colle
Not only did I finally receive the proper training, but the woman on the advisory board hired and mentored me. I also joined the local AAMT and networked. Good luck. I know how frustrating it can be. A community college will have a good program to include medical language, MT courses taught by local MTSOs, business English, anatomy and physiology, pathophysiology, etc.
MT income
I am at #6, but have been an MT for 30+ years.
But for those who need FT income...sm
I can see how that could be a problem for some. It is my intention to get a PT job, and if I don't get enough work, find another to fill it out; then, who ever pays best for the best work and least hassle WINS. However, my DH is the primary wage earner around here. My income helps, but we don't require it to live.
income
I live in New York, have been doing MT for 15 years and during all of that time I have needed to work 50 to 70 hours a week. I started on working mostly from tapes. When the dictations started coming through the computer and I started using word expanders, income went way up. But so has my rent - used to be $750, now $1100. And my son eats a lot more at 14 than he used to! A few years ago I started working for 2 services for extra money... but now I couldn't get by without 2 jobs. The first job used to pay well, but with a combination of a new platform and VR, plus being transferred to a different account at a lesser line rate, I make thousands less from them than I used to. I am changing companies. Would love a 40 hour work week but don't think it's possible.
40,000 not low income
maybe with 10 children.. I know of one circumstance (in my state, and some others) where a person can make a decent amount of money (sky's not the limit, but 50,000 range is OK) and still get Medicaid. It's a program for working people with disabilities, whose medical expenses are extremely high and would not be covered by regular insurance - including services of home health aide and transportation to medical appointments, equipment, etc etc). I am on this program (which I was not told about by Medicaid workers, had to do my own research). So I am in the curious position of receiving government assistance (Medicaid only, not food stamps or disability payments) and working/paying taxes at the same time.
Likely the OP is not in this category.
I think he makes $700,000.00 a year, and if they ask him to walk before his first year MQ has...sm
to pay him a cool 1 million dollars. You can check this out at the Medquist website. I think the CFO makes $350,000 a year, and the head of IT makes $250.000 a year.
P.S. This does not include the perks, like expense account, car allowance, sign-on bonus, etc.
Our 16 year old son has been working for a year now to pay for his truck.
He's learning how to sand and do body work and how the engine and transmission go together. My parents didn't buy cars for my siblings and I either. I had a 20+ year old beater car until I could afford to move up to a a newer one.
I see all the nice new cars parked in the high school parking lot every day. It's nice that so many disrespectful punk kids get handed something nicer to drive than what all the teachers drive. Oh, well. Honestly, I think most of them borrow Mommy or Daddy's car or are the child of a doctor who can afford to hand them everything.
Hopefully, my kids will take better care of their cars because they bought and built them on their own. You're not going to grow up to be responsible if you don't work hard for something and expect Mommy and Daddy to bail you out all the time.
Oh, my Dad lectured us on even allowing our child to have a vehicle because Dad didn't have one until after he had worked his way through college, lettered on the football team, got straight As, lettered on the baseball team, yadda yadda. He either walked or hitched a ride. Yeah, well, times were different back then, Daddy-O. LOL At least my kid has the opportunity to work and earn his own car.
IC - 30 hours week, $98K last year. So far this year - 28K. sm
Individual IC - own account(s).
Not me, owed last year, and expect to owe this year- sm
or break even, had more expenses this year. Only owed $200 but still don't want to owe at all. Need to start doing estimated tax payments again so I don't owe! Guess I will get off my butt and do that this year.
Income Tax after Death
I have a friend whose mother passed away in March of this year. She was an IC and thus earned income right up until the time of her death. Is her daughter now responsible for filing an income tax return and/or paying taxes on this income? I know an accountant for her would be handy in this situation, but I thought I might get some opinions here as well. Thanks!!
Disagree - it is NET income
You pay your social security on your NET income not your gross, after all your deductions and look around you will find them. Also you are only paying 7.5% MORE than if you were an employee. Again, as an employee you have the convenience of someone controlling and withholding your income tax while as an IC you do it. I have more usable income as an IC than as an employee because of my deductions. If your husband is working have him take one less deduction or have them hold out a specific amount that will offset what you make, they will do that and that way you don't have to worry about paying quarterly taxes. The IRS doesn't care who pays as long as if you are filing jointly the tax has been paid.
He can't cut his income intentionally.. sm
It's written into the divorce decree (if you have a halfway decent attorney) that income cannot be reduced.. and even if it is.. the child support and other payments remain the same as ordered. Been there...and done that..
Monthy Income
I would like to know what short cuts "nm" is using in order to make $60K a year. Maybe that will help us all make more money. Thanks.
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