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