Finance
Hourly Rate Calculator
Freelancing or contracting? Pick your target income + how many hours you can actually bill + your expenses + tax burden. We back into the rate you need.
FAQ
Why only 25 billable hours? +
Even at full-time freelance you can't bill 40 hr/wk consistently. Sales, admin, learning, sick days, scope creep — realistic is 22-30 billable hours/week.
What's effective tax rate? +
Self-employment = federal + state + SE tax (15.3% for Social Security + Medicare you pay yourself). Effective rate after deductions: 25-35% typical.