I’ve never hired a software consultant, but most of the time when I hire a company or person to do contract work like roofing, gardening or similar they prefer to be paid by check. Sometimes they accept credit cards, but usually not when the bill is over a certain amount, due to the cut going to the card company.
Furthermore, “Direct Deposit” is basically a special term used for people getting their wages or salary paid to their bank account, as opposed to receiving it by check or cash. Other types of bank-to-bank transfers have different names, like “wire transfer” or “ACH transfer”.
Americans love overcomplicating things in general, and particularly love using overly specific and technical names for stuff. There’s acronyms everywhere, and things are named after weird technicalities. Like nobody says “retirement account”, they call it “401(k)”, named after the paragraph in the law which defines it.
You find stuff like that everywhere if you look. Some of their coins don’t even have a value printed on them, you just have to memorize how much they’re worth.
In Europe (maybe also elsewhere outside the US?) nearly all transactions are simply direct bank transactions. Occasionally facilitated through some app, but usually it’s just your own bank’s app. Nobody has used checks for decades, and the only reason we’re using credit cards is because the US keeps forcing them on us.
Maybe that’s the monthly pay
Nah, that’s a normal paycheck for a medium level engineer in any American big city.
If do contract work that’s not even that much
True, then insurance and no time off or other benefits would suck.
Contract work is rarely direct deposit, though?
US banking is weird. How would it be paid instead?
I’ve never hired a software consultant, but most of the time when I hire a company or person to do contract work like roofing, gardening or similar they prefer to be paid by check. Sometimes they accept credit cards, but usually not when the bill is over a certain amount, due to the cut going to the card company.
Furthermore, “Direct Deposit” is basically a special term used for people getting their wages or salary paid to their bank account, as opposed to receiving it by check or cash. Other types of bank-to-bank transfers have different names, like “wire transfer” or “ACH transfer”.
Americans love overcomplicating things in general, and particularly love using overly specific and technical names for stuff. There’s acronyms everywhere, and things are named after weird technicalities. Like nobody says “retirement account”, they call it “401(k)”, named after the paragraph in the law which defines it.
You find stuff like that everywhere if you look. Some of their coins don’t even have a value printed on them, you just have to memorize how much they’re worth.
Plus they are not even logically ordered by size or anything.
In Europe (maybe also elsewhere outside the US?) nearly all transactions are simply direct bank transactions. Occasionally facilitated through some app, but usually it’s just your own bank’s app. Nobody has used checks for decades, and the only reason we’re using credit cards is because the US keeps forcing them on us.
A month!? I know it’s regional but that’s low for a monthly deposit for a contractor!
You’re not accounting for taxes and insurance. You lose way more to both as a self employed individual (at least here in the states)
If you’re a self employed contractor, you’re taking taxes and insurance out yourself, not from what you’d be paid.
Nay, daily.
Yeah that’s a very big monthly pay
$150,000/yr (yes big, less than median for software engineers in the US) is $2k/week, $8k/month
Edit: $2k/week after taxes because direct deposit is the context of this discussion
8k/month is 96k/year. Just multiply by 12
this is about a deposit so it’s take home
401k etc makes this fuzzy
They said the US. Ao mathing is hard.
no it’s not. at least where i live, it’s considered poor.