Prompt · Finance

Freelance Rate Reality

Breaks a freelance rate down to the salary it actually equals.

Have ready: Fill in rate, billable hours, and self-paid costs

Fill in · 1 fields

Your prompt

Translate my freelance rate into a real salary equivalent.

Hourly rate: $[X], billable hours/week: [X], weeks worked/year: [X]
Business expenses: $[X]/year
Health insurance I buy myself: $[X]/month
Retirement I'm self-funding: $[X]/year
Self-employment tax reality: yes

Calculate: (1) gross freelance income, (2) income after business costs, insurance, and the employer-half tax I'd otherwise avoid, (3) the W-2 salary this equals (accounting for benefits worth ~30%), (4) the hourly rate I'd need to match a $[X] salary. Be brutally honest about unpaid admin time, assume [X] hours/week non-billable.

Paste it into Muse or any assistant. Blank fields stay as [brackets].

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