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.
Share:

About Freelance Rate

What this tool does

General-purpose calculators cover percentages, dates, time differences, BMI, tips, taxes, salaries, loans, compound interest, and dozens of everyday math problems. Results are computed instantly in the browser.

Why use this tool

Quick calculations come up constantly: splitting a bill, figuring out how many days until a deadline, converting an hourly rate to an annual salary. Having a purpose-built calculator is faster and less error-prone than a spreadsheet.

How it works

Each calculator applies the relevant mathematical formula to your inputs. Financial calculators use standard amortization and compound-interest equations. Date calculators leverage JavaScript's Date object with timezone-aware arithmetic.

Pro tip

For loan and mortgage calculations, small changes in interest rate matter more than you think. Try adjusting the rate by 0.25% to see how it affects total interest paid over the life of the loan.

Love this tool? Explore 12467+ more

Free online tools for images, PDFs, text, code, and more. All running in your browser.

Explore All Tools