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As 1099 contractor you employer will not take out any taxes, which means you get number of hours x 58.
When you file your taxes, you will be able to deduct expenses and will pay 15.3% of self employment tax (social security and medicare tax) as well as regular income tax on the net income.
Expenses you will be able to deduct will depend on the job location. If you will have to temporary relocate to Arizona, you could deduct some living expenses as well as trips from your main home to your job.
Here's a summary of expenses you might be able to deduct: http://www.irs.gov/taxtopics/tc511.html
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