Real Hourly Wage Calculator
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Your "Real" Hourly Wage Calculator
Global Assumptions
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Days of work / week20
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Monthly
Salary (post-tax)
Hours
Worked
Hourly
Rate
Instructions
Weekends per month4
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Base Comp.
$7,019200$35.09[1]
All inputs go into tan-colored cells.
Monthly income (ex-Bonus, post-tax)
6,200
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Minus: Adjustments
$00NA[2]
Read the descriptions carefully, esp for units
Monthly income (ex-Bonus, pre-tax)
9,466
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"Real" Comp.
$7,019200$35.09[3]Full post:
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https://radreads.co/your-real-hourly-wage-calculator/
Annual income (ex-Bonus, post-tax)
74,400
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BASIC INCOME INFO
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1What is your monthly paycheck? Use your bi-monthly and after-tax amount. If you're an entrepreneur, be creative!
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Every 2 weeks, this post-tax amount hits my account:$3,100
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2What was your bonus last year? For simplicity, exclude unvested shares, 401k match, etc.
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Last year's pre-tax bonus was:$15,000
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3My effective tax rate (Federal + State + City) is:
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This assumes a NYC resident filing as Married; Improve accuary by visiting:
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https://smartasset.com/taxes/income-taxes34.5%
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4My contractual (or expected hours) in the office. If you work from home, use your implied workday
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Each day, I'm expected to work this number of hours10.0200
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TIME ADJUSTMENTS
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5What's your daily commute? Start the clock from the minute you leave your front door
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My daily commute in hours is:0.00
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6How much time to you need to unwind each day to feel like yourself? Include escapism-related activities such as TMZ, Fantasy Football, and drinking.
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My daily unwind time in hours is:0.00
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7How much time do you spend on your Smartphone outside your stated work day?
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Daily hours on my Smartphone:0.00
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8How much work do you do on the weekends?
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Every Saturday and Sunday, I do a total of this much work0.00
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9How much time do you travel per month (outside of your stated workday in Q.5) including flights, time in Ubers, jet-lag recovery, and post-work dinner/drinks?
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My total monthly travel time is:0.00.0
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10How many hours a month do you suffer from work-related illness?
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Monthly hours of work-related illness:0.00.0
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INCOME ADJUSTMENTS
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11How much does your weekly commute cost?
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Try to pro-rate for gas, tolls, and insurance, insert weekly:$00.0
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12How much do you spend on food each day?
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Include those post work drinks, insert daily:$00.0
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13How much do you spend each month on work-related expenses?
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Include clothes, gear, and tech expenses each month$00.0
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