topic Reasonable salary question for multi job scenario in Business & farm

Reasonable salary question for multi job scenario

RTNJ — Mon, 09 Mar 2026 05:13:04 GMT

I live in NJ working and have a software consulting scorp firm . I am the owner / employee .
median salary in NJ for Software developer job is around 70k to 80k

I am planning to do 3 jobs in parallel that pays around 150k each . Total gross :450k

question : is it enough to pay myself 80k salary or 80k times 3 =240k salary

Re: Reasonable salary question for multi job scenario

ZoltanB45 — Wed, 23 Feb 2022 02:44:15 GMT

That is over 50% which is good. Generally 40% is sufficient and if you have expenses to reduce the actual profit, $240,000 might be almost 60% of the profit.

Re: Reasonable salary question for multi job scenario

Mike9241 — Wed, 23 Feb 2022 02:56:35 GMT

there is no right answer.

the 80K is a median number. which probably is not representative of what they would earn if working on their own. even the high end of the range may not be sufficient in your case.

IF you are audited and you performed all the services the IRS could argue that a reasonable salary is 80% of the net income from performing these services. you should consult with a tax pro who could give better guidance.

Re: Reasonable salary question for multi job scenario

RTNJ — Wed, 23 Feb 2022 12:51:54 GMT

Thank you. How can big consulting companies charge 300/ hour from clients for a resource they provide but they only pay 200k salary the percentage here is so on the lower side . Isn’t it

we see this regularly in our daily lives

300*2000hrs * 8Hrweek = 4800000