Cost for Traditional Employee

Wage $15/hour x 40 hr/week = $31,200/year
Social Security (.062 x 31,200) = $1,934/year
Medicare (.0145 x 31,200) = $452/year
Workers comp (.15 x 31,200) = $4,680/year
Sick time 1 week/year = $600/year
Vacation time 2 weeks/year = $1,200/year
Health Insurance Average = $7,800/year
FUTA (.008 x 7,000) = $56/year
Cost of hiring According to Business Week = $3,270/year
Office distractions* = $8,190 per year
Office utilities $300 per month = $3,600/year
Computer Computer for the assistant = $1,000
Desk and chair Modest desk and chair = $700
Add’l phone line Phone line install & monthly charges = $1,300
Office space Moderate office $900/month = $10,800/year

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Total = $73,782 per year
Or = $35.47 per hour

Cost for Virtual Assistant

Wage $24.85/hour x 40 hr/week = $51,708/year
Social Security N/A Independent Contractor = $0
Medicare N/A Independent Contractor = $0
Workers comp N/A Independent Contractor = $0
Sick time N/A Only Pay for Time Worked = $0
Vacation time N/A Only Pay for Time Worked = $0
Health Insurance N/A Independent Contractor = $0
FUTA N/A Independent Contractor = $0
Cost of hiring Team Double-Click® requires no start up payment = $0
Office distractions* Working from home there are no office distractions = $0
Office utilities N/A Independent Contractor – they pay their own utilities = $0
Computer N/A Independent Contractor – they buy their own computer = $0
Desk and chair N/A Independent Contractor – they buy their own desk and chair = $0
Add’l phone line N/A Independent Contractor – they pay for their own phone = $0
Office space N/A working from home = $0

__________________________________________________________
Total = $51,708/year
Or $24.85/hour

* Taken From A study by Basex, a New York research firm.