[codefreeordie]

That last part is actually the reason why hourly rates tend to be so high. You can't bill all the hours.

A common rule of thumb for setting a billable rate is 3x to 4x the hourly-equivalent salary. If you are currently making $200k/yr working a full-time gig with good benefits, then your hourly-equivalent salary is $100, and you should bill hours out at around $300/hr to $400/hr on a billable-hour basis.

So, you should figure that someone who would earn a TC of around $500k-650k/yr would be billed out at around $1,000/hr

[tomatowurst]

thanks yeah this was what I was thinking, 4x of hourly rate of salary