I am comparing 2 job offers and want to get the compensation numbers as close to apples-to-apples comparison as I can.

Assume: My federal income tax bracket is 20% and my state income tax is 0%

Job A: $100k annual income paid via K1

Job B: $100k annual income paid via W2

Here is my understanding of how the taxes would work in each scenario.

Job A:

I pay the employer half of payroll tax which is 7.5% = $7500

I then pay 20% income tax on $100,000 - $7,500 = 20% x ($92,500) = $18,500

Total taxes = $26,000

Job B:

I pay 20% income tax on $100,000 = $20,000

Total taxes = $20,000

My question is whether I am calculating the tax burden correctly in each scenario.

Thanks.

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