Worked example
Here is a simple Hourly Rate example:
(48,000 + 12,000) ÷ (46 × 35 × 70%) → 53.24/h.Find a sustainable hourly rate from your income goal and available billable time.
Before personal income tax. Add a separate buffer if needed.
Practical guide
Here is a simple Hourly Rate example:
(48,000 + 12,000) ÷ (46 × 35 × 70%) → 53.24/h.Find a sustainable hourly rate from your income goal and available billable time.
Required rate = (income goal + annual costs) ÷ annual billable hours
Use the result as a planning estimate. Check important financial, tax, legal, investment, or health decisions with a qualified professional.