I received an offer for $90 / hour as a full time 1099 contractor for 40 hours a week with zero benefits based in the US (Bay Area) that would convert to full time w2 salary with health / vacation benefits at $145k a year. Is this contract rate to salary conversion low?
For being a contractor with 25 unpaid holidays / vacation it calculates to around 165k a year. Are the other benefits worth 20k? Maybe insurance is up to 10k? Then they'll pay for a laptop and other items?
I really like the rate and salary. It's a big raise for me. I just want to know if I'm being out-negotiated for the conversion of contract to salary. I like the contract rate as I receive health insurance through my wife.