Share
Explore

icon picker
Billing Rate Calculator

A simple billing rate calculator to help freelancers plan what their baseline billable rate.
Mira Mollar
Instructions
Fill in your desired salary and weekly billable hours in the
Rate Models
⁠
table below.
Desired Salary is what you want to make after your expenses are paid.
Add up the benefits that you want to cover in the
Benefits
⁠
Table
Look at your personal expenses
Overhead (Expenses)
⁠
Don’t forget to add the
@Minimum Business Expenses
⁠
like LLC, insurance etc.
To ensure the rate is as accurate as possible, include annual federal, state and local tax estimates based on the Total Income column in
Rate Models
⁠
.
Add your desired time off in the
Time Off
⁠
Table.
The break even rate will take in consideration Time Off in relation to the number of Weekly Billable Hours you desire to work.
After doing this your “Break Even” Rate will be populated in the
Rate Models
⁠
table.
Model multiple desired salary targets with different weekly billable hours by adding additional items (click the +) in the
Rate Models
⁠
table
Rate Models
0
Desired Salary
Weekly Billable Hours
Overhead
Benefits
Total Income
Break Even Rate
1
$55,000.00
40
$68,580.00
$26,700.00
$150,280.00
$85.00
2
$1,000.00
30
$68,580.00
$26,700.00
$96,280.00
$77.15
3
$40,000.00
25
$68,580.00
$26,700.00
$135,280.00
$136.92
4
$40,000.00
20
$68,580.00
$26,700.00
$135,280.00
$185.82
There are no rows in this table
⁠
Benefits
0
Name
Monthly Cost
Annual Cost
1
Medical Insurance
$600.00
$7,200.00
2
Life Insurance
$50.00
$600.00
3
Dental
$25.00
$300.00
4
401k
$1,500.00
$18,000.00
5
Vision
$50.00
$600.00
There are no rows in this table
$2,225.00
Sum
$26,700.00
Sum
⁠
Overhead (Expenses)
0
Expense Category
Monthly Total
Annual Total
1
Student Loans
$100.00
$1,200.00
2
Mortgage
$2,400.00
$28,800.00
3
Other Home Expenses
$2,000.00
$24,000.00
4
Minimum Business Expenses
$500.00
$6,000.00
5
Self employment taxes
$715.00
$8,580.00
There are no rows in this table
$5,715.00
Sum
$68,580.00
Sum
⁠
Time Off
0
PTO Type
Days
Hours
1
Holidays
12
96
2
Vacation
20
160
3
Sick
7
56
There are no rows in this table
39
Sum
312
Sum
⁠
Want to print your doc?
This is not the way.
Try clicking the ⋯ next to your doc name or using a keyboard shortcut (
CtrlP
) instead.