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Contractor Rate Calculator

Find the hourly rate you need as a contractor to match an employee salary

Employee Position Details

Base annual salary before taxes

40 hours for full-time, otherwise average hours worked per week

Employer contribution

Total paid days off per year

Other insurance, professional development budget, etc.

Required Contractor Rate

Enter your employee details and click "Calculate" to see your required contractor rate

Understanding Your Contractor Rate

What's Included

  • • Self-employment tax (15.3%)
  • • Business expenses estimate (5% of gross pay)
  • • No benefits compensation
  • • Unpaid time off buffer

Not Included

  • • State and local taxes
  • • Federal income taxes
  • • Specific business deductions
  • • Variations in market demand