The calculation, explained.
Required rate = (take-home target ÷ (1 − tax reserve rate) + business costs) ÷ billable hours. Tax is an editable planning reserve, not an actual tax calculation.
Review the example assumptions and results
- Monthly take-home target
- 3000 $
- Tax reserve on profit
- 25 %
- Monthly business costs
- 500 $
- Monthly billable hours
- 100 h
- Required hourly rate
- 45 $/h
How this tool works
Adjust the labeled inputs to see a new calculation. Units and assumptions are shown beside each field. Printed and copied results use the same calculation.
Example content is illustrative. Free results do not require signup.
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