Would it be better to take corporate housing which is grossed up to 10k/mo. or a 1.6k/mo. gross stipend? I'm trying to calculate how much I would actually lose by taking the housing given that it will bring my reported income high af. EDIT: I understand that I'd have to supplement the stipend with my own money. My question is whether I would come out financially ahead by paying out of pocket in combination with the stipend, versus taking the housing and pushing my taxable income up tens of thousands of dollars.
Take the housing..what do you think you’ll get with a gross stipend of 1.6k?
Hey you can get a really nice shed with that kind of money!
I don't know what would be the tax on the housing stipend. But you can get a good shed in 600-800 if you are single. Anyways they don't offer housing very close to office so you have go through the pain of traveling in traffic 😅
Former intern here. Take the housing unless you have a specific place in mind. Corporate housing is very nice (worth much more than 1.6k) and is located near shuttle stops which you won’t be guaranteed to get with housing you get on your own
Facebook housing is really nice. Usually 2b2b in a really nice place. It ends up being 2.5k-3k a month in value
Per person
When I did corporate housing for Amazon my W4 said I made a lot more than I actually did because they were saying the corporate housing benefit was like 4K a month for some university dorms. Not sure if this is the same at FB but something to keep in mind because you’ll get taxed more if you take corporate
Post edited.
Bay Area housing stipend is $1500/month. I can stay at home, but am leaning towards Facebook housing since I can hangout with other interns. Is Facebook housing 2 people per room or 1 person per room?
Both could happen, depends on what you answer on the survey
Take housing, will save you a lot of time
Where’s the Corp housing?