China Horizons Ltd. Co. is a Limited Liability Company.
Teachers are typically paid at the end or beginning of each month. For fall and winter contracts, the salary is between 400 to 525 US dollars per month, which in Chinese standards is a fortune. Your salary will be paid in Chinese currency, which can be deposited into a local Chinese bank account. The banking services in China are secure and reliable. The school can help set up such an account if you desire.
Participants who possess a teaching certificate or a TEFL certificate, could be at the upper level of the salary range or higher.
With the help of the school, any amount of money that you have saved can be converted back to U.S. currency while in China. Transferring this money from China to the U.S., though, can be expensive and complicated. Your options might include wiring the money home through Western Union, which is expensive, using the Bank of China to wire money to your American account (which is complicated), or carrying the cash with you when you travel home.
Upon returning from China, each teacher is responsible for paying US income tax on their earnings in China according to the IRS requirements.