I wouldn't be worried about it. But as the other comments have said, you should be aware of some things.
Is this a temporary job (expected to be one year or less) and away from your regular area/city of work/home? If so, that $360 a week could be tax-free.
Even if that doesn't apply to you, but it is the kind of job that situation could apply to many of its employees, it seems reasonable for the employer to set it up the pay structure that way.
If it IS a temporary job and you are away from your regular area/city of work/home, congratulations on a good job opportunity and having an employer that is handling things in the perfect way.
If it is NOT a temporary job that is away from your regular area/city of work/home, then you need to be aware of some of the cautions that others mentioned.
- If they don't report it on your W-2:
- You will need to fill out a special form on your tax return to pay the Social Security and Medicare tax. You should be prepared for that extra amount owed on your tax return.
- They likely will have withheld significantly less Federal and State income tax than they should have, which is going to significantly decrease your refund or cause you to owe quite a bit. You should be prepared for that extra amount owed on your tax return.
- Eventually (likely a few years), the IRS will contact your employer about it, and your employer may not be happy with you. However, you seem to want this job as a resume builder, rather than a long-term job, so that may not be a concern.
- If they DO report it on your W-2, great, your employer is handling it correctly.
