What the extra work really nets.
A worked example
Starting figures
- Monthly revenue
- $1,800
- Monthly costs
- $420
- Tax rate
- 30%
- Hours per month
- 40
What it returns
- Monthly net
- $966
- Effective hourly
- $24.15
- Tax set aside
- $414
- Yearly net
- $11,592
How to read the results
With the defaults above, monthly net works out at $966.