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by noahc
2958 days ago
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> If a company wants to try me out, I'm more than willing to do a contract to perm, but my hourly rate is going to be enough to cover self employment taxes, make up for not getting paid for time off and at least two or three weeks between employment. What does that number look like? 10k a week? |
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2080 - hours in a work year
-80 Paid Holidays
-120 Paid Time off
-120 Gap between employment (based on my history)
= 1760 work hours per year
FTE Salary * .028 (Employer Medicare Contribution) + $7967 (maximum social security amount - 128500*.062) = minimum salary
minimum salary/1720 hours = pay rate.
Take a reasonable salary for my market as $140,000, that is about $152000/1720 = $88.37/hour minimum.
Adjust the number based on market, skill set, and the amount of time you estimate between jobs. I'm also not taking into account health benefits that you would need to pay yourself because I'm covered under my wife, or 401K matching. I would add 4% to the hourly rate to cover 401K matching.