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I make about $5000/month before taxes (sm)

Posted By: fuzz5 on 2006-02-03
In Reply to: I average $5000 a month - sometimes I bring home more.

I suppose I could work more, but...eh.  I only have to work 35 hours a week for full time.  I keep saying "this week I'll do 40," but there's more to life than work (at least I hope so). 

$24,000 in savings!  Rock on!  I hope to be there soon.


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5000 a month
It is actually quite possible to do. I work for a small transcription business and one of our transcritionist averages $1900 to $2000 a week. She takes advantage of her ESP/shortcut program and makes templates for everything. So it can be done.
I average $5000 a month
I usually work 7 days a week. I work for a national full time and have a part time IC position. It's easy for me because I work from home anyway. Instead of lying around watching tv, I go to my computer and work.

Last year, I increased my savings by $24,000. I religiously deposit $2000 a month into savings. If you are willing to work, you can make lots of money. I can work as much as I want to with my IC position.
Why is MTStars carrying an ad "Make $5000 a month FT". Who can do this?
The MTSOs have lowered the rate per line (by the way, what is a line now? what is a character now?) and given us just the cream of the crap to try to decipher, there's no way 1 person can produce $5000 worth of transcription in a month.  No way.
I only have 1 dinky account on my own, ~5000 lines a month - sm
and no tabs at all (I programmed in my "jumps" so I don't have to use tabs, just hit F11), and only 2 hard returns at most at the endd of each report. One Dr. just does "block" paragraphs and does all the patients in one "report", so each day is only a couple pages, the other does the same but with more of a report format, i.e. headers but no returns between each item; returns only between each patient. They then cut and paste into the patient's record. I am working on getting a few more doctors on my own so I can either lessen the work I do for my "regular" IC job or drop it all together; and I will, if necessary, charge for tabs and hard returns when I get more accounts though.
I checked into Qwest, but the fine print says if you use more than 5000 min per month, it will .. sm
be reviewed.  Their business rate is per line, and comes out to $500 monthly.  That's the problem with my current company. I figure I'll be using at least 10,000 mins per month.  Can't get Verizon here.  Any other suggestions?  TIA.
Make sure that $5000 is in your hand before you start packing !! nm
x
It is possible. I make more than that a month, my own account. nm
x
and, you're an IC, so you make a little more because of your taxes.
nm
right, make a little more per line, but also pay more taxes.
nm
Not my place to make sure her taxes are paid
I can only take care of my end. Not in her head when April comes around so??
Make sure there aren't other taxes that you're overlooking.

Some communities/counties have occupational privilege tax, 911 tax. Some sales require you to collect a sales tax on your service. The best advice is to check with a tax preparer AND visit your state's revenue website to make sure you're not missing anything.


As an SE, all taxes are taken out, but I am wondering if that is reason enough to make a change? sm
Company "A" is my first job being an IC and I am not sure I can wrap my head around why any employer cannot take out taxes which is not the case with many companies which offer you IC status. They tell us how and when to work. This IC job I have right now is no different than any job I have ever had with a hospital, but I think it is a rip off having to pay self-employment taxes. BTW, Company A is in the same state in which I live, so wouldn't be difficult to take taxes out of my check.
I wish you would not make a blanket statement about things you don't understand about taxes sm
When you are an employee and you are financially responsible for your office, the heat, the electricity, the space in your house, your deductions are nearly identical.

I'll give you this though: ICs frequently make a higher line rate than an employee, at least initially. So many employers are freezing cpl increases in favor of production incentives. My company did this and the incentives are excellent. I have gotten to where my line rate with the incentives is actually higher than any IC position I have ever held. I am going to do that many lines anyway and I am well ahead on all fronts.
I pay $35/month through Vonage for unlimited LD. Local phone co. charges $50/month. NM
x
You have your W2 showing very clearly those taxes were paid. MQ is responsible for those taxes
because you were a statutory employee. That is the responsibility of the employer to pay those just as though you were an employee.
5000

see the discussion on the company board. 5000 lines a day to be transcribed by a combination of several people


sure - that's like 400 lph ~ 5000 lines per day
.
Parents just had them done at $5000 an eye. nm
s
Yea, and I do 5000 a day in a 6 hour day...
:-)
5000 lines per day VR?

Hi all.  Anyone think is it possible to edit 5000 lines per day of VR?  This is on a very low ESL account? 


The new company I have gone with have a 5000 daily line count requirement for editing VR files. Just curious if it is possible!  I am getting nervous!!


 


5000 lines a day?
Is that possible? I mean 1200 I thought was full time?
5000 lines per day???
Obviously this guy doesn't have a clue. Most nationals want between 1000 to 1200 lines minimum 65 character line with spaces.

Maybe he is talking about a 35 character line or better yet a 25 character line with spaces.

Check it out, maybe it's lucrative! LOL
2500/wk PT or 5000/wk FT
basically breaks down to 500 day PT, 1000 day FT.
2500/wk PT, 5000/wk FT
that's all my company requires. Plus we get tiered incentives for anything over 1000 per day.
Sounds like you might as well be FT with those #s-- at a previous job the min. for PT was 5000
lines every 2 weeks.  Granted it got to a point where there was no work so it was impossible to meet quota, but if there was work you had better meet it.....then we had a landslide of work, about 90% ESL.....all the good stuff apparently went up in smoke  (they outsourced to the Phillipines).
4000-5000 I can't believe I'm getting sucked into this again. SM

This is gross pay with two different places. It is not full time. Yes, I use expanders, no, I don't do the same two doctors every day.


Yes, I am very lucky. Yes, I am very fast. No, I am not lying, and I am sorry if you are not in as good a position as mine.


5000 mega enough for air card?
Is 5000 megabytes of data enough to use a wireless air card for MT work?  I only have dial up and am considering getting an air card but it says that you only get 5000 megabytes a month.  Is that enough for MT work, my husband gaming, and my kids being on the internet too?  Will I go over the 5000 megabyte limit?
5000 lines per day on job seeker's ...
You gotta be kidding, some say it was on before and required more than one person but why submit it as if it were a "job" offered to one? Perhaps I am "slow."
A company spends 3-5000 to hire....
...and train an employee. Doesn't matter if you're part-time or full-time. Is it responsible to make them incur that cost when you know you're going to bail?

Mmmmm, don't think so.
Amen! I do over 300 lph too. Have about 5000 abbreviations, been doing this for over 7 years,
and just because I do about 300 lph, give or take, doesn't my work is sloppy!! And to prove it, I just got a raise, which I take to mean I am doing a GOOD job!  As you, I proof as I go. 
thread is Who can transcribe 5000 lines/day (sm)
and it's about halfway down the page.

The poster used the name "See job ad by T. Olyphant!!"
(continued)...that's exactly what he meant, 5000 line a day.
z
M-TEC has a Basic program (12 month) and a Premier program (18 month). To WAH, you should take the P
:)
I've seen sooo many posts about this....Listen, the 5000 lines isn't a typo.
It's some type of project. If you search the board, you will see the posts and then maybe we won't have to keep top-posting it all over the place?
UNBELIEVABLE!!! I am speechless. I literally have no words! A $5000 trip to China to teach

them how to steal our jobs?



 


 


As an IC when paying taxes, are SS and fed taxes sent SM
to the same place?
THANK YOU! That is my point. She still pays taxes, her DH still pays taxes...

so who exactly is getting cheated?  And just who are you talking about when you talk about whether it is "fair" or not.  I don't give a crap how much taxes my neighbor pays.  It's none of my business.  And if I found out they were paying less in taxes than me, I would ask them how they heck are they doing it so I can do it too!


I just want ask, is it necessary to get personal and insult?  You disagree with me, fine.  But I've been called a liar, a cheat, a no-ingetrity thief, my intelligence has been insulted, and I have had my parenting skills questioned.  That is a little over the top.  If you cannot debate an issue without resulting to personal attacks, then YOU are the stunted one!


It is a very good thing that some of you work at home, ALONE!  You are sorely lacking in people skills and diplomacy.  Let me guess, when you worked in the office you were one of those girls who didn't like to share her desk, griped if someone dropped a crumb on your desk, and kept track of everyone's breaks, lunches, and line counts just so you could tattle to the supervisor!  I've worked women like you, it was like working with kindergarteners.  That's why I came home to work.  Do us all a favor, looking in the mirror, count your wrinkles, and realize that this isn't high school anymore!


You spending 3K in gasoline to make 4K plus all that time on the road?That doesn't make sense Pat




How nice that the world revolves around what you make and no one else could possibly make more. sm

Marla in So. California pays 11 cpl for a 55 ccl, Oracle pays 9-1/2 cpl, MDI-MD 11 cpl, JLG 10 cpl for gross line, etc.


Of course, these are rates negotiated and paid to qualified MTs.


1 month and you?
A month - and you?
We have had it for a month. All 5 of us
at one time or another tested positive for Strep. Only got well after antibiotics. But it lingers and flares up for weeks. Our entire town has it, and all for weeks and weeks - actually since Halloween.
If it has been less than a month,
you're probably still on probation, which works both ways. I would review the policy and speak to a supervisor before they invest any more time in training, etc. If you're professional and polite, it will work out.
Since one never knows whom they'll encounter down the road, try to make a graceful exit. Good luck.
I'm 30. 31 next month....
See update below. 
a month...
I type 24 hours a week. I am new though and only get paid 7 cents a line right now. Would love to make more too!
$9,500 per month
Oh, I don't like to post my earnings here.  It is such personal information.  And I have you all beat cuz I make 19 cents per line.
My 18 month old was saying....
nm
A month? I do!
nm
how is $288/month better than $57/month?
x
I got one about a month ago.
It's been all right so far. It was not my first choice, but I needed a laptop in a hurry and didn't want to spend a lot, and Gateways were on sale at Best Buy, so that's what I got. If I had had more time, I would have chosen a Dell or HP, but the Gateway seems all right. A colleague mentioned that his son's school uses Gateway laptops and have been happy with them, so it's probably a safe choice, if you can find one at the right price.
One month
I took one month off, but wish I would have taken a little longer.
I have been looking for about a month
and finally I got 2 offers, but 1 company I've heard nothing about and the other I've heard good and bad things about. I really need to be working and don't know what to do. It's a bad time for everyone it seems.