Client comes in to ask for your advice.

He just got offered a job at $75,000 a year as a W2 worker.

Or they said they could pay him $80,000 as an Independent contractor.

Which is better? And by how much?

What if he has an additional $10,000 of expenses he wouldn't be able to deduct as an employee?

How much would you counter offer for the Independent Contractor position.

Run a mock tax return. Compare the Social Security and Medicare withheld and total tax on the wage earner vs total tax as a Schedule C.

Client is single with no dependents in WA state.