Hourly & DailyTax FactorUtilization Rate
Fill in your targets to find your rate
Hourly Rate
$88.89
Daily Rate (8h)
$711.11
Monthly Revenue
$10,667
Gross Needed
$128,000
Assumes 75% billable utilization rate (1440 billable hours/year)
Frequently Asked Questions
How is the rate calculated?
We add your target income, expenses, health insurance, and retirement savings, then divide by your billable hours (factoring in vacation and a 75% utilization rate) and gross up for taxes.
What is a utilization rate?
Not all working hours are billable. The industry standard is about 75% utilization, meaning 25% of your time goes to admin, marketing, learning, and unbilled work.
Should I charge hourly or daily?
Daily rates are common for longer engagements and reduce micro-tracking. Hourly rates work better for short tasks or when scope varies.
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