Rate that matches a salary.
A worked example
Starting figures
- Target income
- $90,000
- Billable days per year
- 190
- Overheads & tax
- 35%
What it returns
- Day rate
- $728.74
- Hourly (8h)
- $91.09
- Gross billings needed
- $138,462
- Overheads & tax
- $48,462
How to read the results
With the defaults above, day rate works out at $728.74.