Salary to rate conversion
 Share
The version of the browser you are using is no longer supported. Please upgrade to a supported browser.Dismiss

 
View only
 
 
Still loading...
ABCDEFGHIJKLMNOPQRST
1
ItemAmountNotes
2
Annual salary$100,000Add bonuses or stock plan to your base salary to get this.
3
Health insurance (annual)$6,000Get this from your check, how much is your employer paying for health insurance? In this case it was 250 every pay period.
4
Assorted tools$1,500You will need to provide your own tools (i.e. desk, laptop, MS Office, partial use of oscilloscope, microscope, etc). You need a budget for what that will be every year. This is only a new well-stocked laptop every 2 years. Tools and office space can easily push this to $5/year.
5
Number of days paid time off25This should include holidays (i.e. 10), number of vacation days (i.e. 10) and number of sick days (i.e. 5).
6
Hours worked in a week30Note: don't count company meetings, birthday lunches, coffee breaks, commuting, busy work when there isn't a deadline, or things that don't pertain to getting your job done.
7
8
Work weeks/year47Number of weeks in a work year (52 - paid time off)
9
Effective number of annual hours1410
10
Self employment tax $8,000Company pays half of social security, the self employed have to pay all of it.
11
Effective annual salary$115,500Doesn't count assorted misc: breakfast, bar tab, lunches, events, bonuses, etc.
These things could easily total 6-10k/year. Adding in the infrastructure could be up to another 10k/year (office space, internet, phones, etc). Add what you think is valid to "assorted tools".
12
13
Hourly rate$81.91
14
If you did the simple version: salary/(52*40)$48.08
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
Loading...
 
 
 
rate from salary
going the other way