Using a desired Net Compensation value (your 'take-home pay'), this tool calculates the rate you must charge to reach that value given your expenses. Use the pulldown menu to configure the tool for Contract W2, 1099, Corp to Corp, or full-time employment. Use the checkboxes to identify expenses covered by your employer (if any). Additional help for each section is available by clicking the (?) icon.

Results

Actual
Rate

Target
Compensation

Effective
Compensation

$54.35

$95,661.60

$95,661.60

Compensation and Productivity

Net Compensation ($/year)

Weeks/year
Hours/year

Taxes

FICA (employer's %)

  

Expenses (non-deductible)

Retirement ($/month)

  

Expenses (deductible)

Insurance ($/month)

  

Other Expenses ($/month)