[scarface74]

For a 1099 contract where I'm responsible for my own self employment taxes....

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.