As a self-employed contractor of VIPKID, you are responsible for filing your own individual income tax returns and remitting taxes as required.
How much should I put aside from each VIPKID paycheck? To be safe, I recommend putting aside 25-30% of each VIPKID paycheck for taxes.
During tax season, it will be your responsibility to file your income from VIPKid to the IRS like you would for any other income that you received during the tax year. In order to assist this process, VIPKid will provide you with a 1099 around the tax season.
You can teach while your child is sleeping and not have to pay for childcare. Just make sure there's someone who can tend to your kid if they wake up since you won't be able to leave in the middle of class. If you're one of the many people stuck at home right now and in need of work, VIPKID is definitely worth it.
VIPKID requires a minimum 7.5 hour per week commitment. The 7.5 hours per week have to be during Beijing peak hours.
Yes! If it is a normal major course, you receive your full pay even if a student does not show up. For trial student no shows, you get paid half of your base pay. However if the student cancels the class before 24 hours, that time slot just becomes available again for other students to book.
Teachers are paid through direct bank deposits between the 10th and 15th of each month.
You can make up to $22 per hour with VIPKID, but how much money you earn will depend on several factors. Let's start by breaking down the payment model: Your base rate will vary, depending on your experience and your first interview. It will be between $7- $9 USD per 25-minute class.
Chinese students pay what amounts to $49 to $80 an hour for the classes, significantly above the $12 to $20 tutor wages. VIPKid is valued at over $3 billion, according to a Forbes report in March, and has well-known investors like Kobe Bryant.
There's a myriad of reasons to love and hate VIPKID. ... If you're considering teaching for VIPKID, keep these things in mind. It's not a quick and easy way to make money; it takes a lot of time to build up your certifications and your base of students. If you can make it through though, it might be right for you.
All Qkids teachers are independent contractors and will be responsible for your own taxes in accordance with state and country laws, and individual tax jurisdictions. You can get in touch with Qkids Payroll department for further information.
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