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Billing Rate Calculator

A simple billing rate calculator to help freelancers plan what their baseline billable rate.
Instructions
Fill in your desired salary and weekly billable hours in the
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
Table
Look at your personal 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
.
Add your desired time off in the
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
table.
Model multiple desired salary targets with different weekly billable hours by adding additional items (click the +) in the
table
Rate Models
0
Desired Salary
Weekly Billable Hours
Overhead
Benefits
Total Income
Break Even Rate
1
$55,000.00
40
$65,220.00
$27,300.00
$147,520.00
$83.82
2
$1,000.00
30
$65,220.00
$27,300.00
$93,520.00
$75.42
There are no rows in this table
Benefits
0
Name
Monthly Cost
Annual Cost
1
Medical Insurance
$550.00
$6,600.00
2
Life Insurance
$50.00
$600.00
3
Dental
$25.00
$300.00
4
401k
$1,625.00
$19,500.00
5
Vision
$25.00
$300.00
There are no rows in this table
$2,275.00
Sum
$27,300.00
Sum
Overhead (Expenses)
0
Expense Category
Monthly Total
Annual Total
1
Student Loans
$100.00
$1,200.00
2
Mortgage
$1,500.00
$18,000.00
3
Other Home Expenses
$3,000.00
$36,000.00
4
Minimum Business Expenses
$125.00
$1,500.00
5
Self employment taxes
$710.00
$8,520.00
There are no rows in this table
$5,435.00
Sum
$65,220.00
Sum
Time Off
0
PTO Type
Days
Hours
1
Holidays
12
96
2
Vacation
20
160
3
Sick
8
64
There are no rows in this table
40
Sum
320
Sum
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