Freelance Hourly Rate Calculator
Freelance Hourly Rate: a planned Super Calculator tool. Covers target annual take-home (currency). Stub page while the tool and its worked example are prepared.
Freelance Hourly Rate Calculator is a planned calculator in the business section of Super Calculator, covering freelance and work.
What this calculator will compute
Inputs: target annual take-home (currency), annual overhead (currency), weeks worked per year (n), hours per week (h), billable utilization (%) and effective tax rate (%).
Outputs: required hourly rate (currency/h), required day rate (currency/d), billable hours per year (h) and gross revenue needed (currency).
Formula, recorded as scope and not yet verified against a primary source: Required hourly rate equals (target take-home plus business overhead plus self-employment and income tax plus benefits and pension provision) divided by billable hours, where billable hours equal working weeks times hours per week times the utilization fraction. Utilization, not the tax rate, is the term most users get wrong.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.