{
  "id": "v20-us-freelance-rate",
  "version": "20.16.0",
  "name": "Freelance Rate Calculator — United States",
  "shortName": "Freelance Rate",
  "description": "Turn an explicit personal-income target into a billable rate while making nonbillable work and unpaid invoices visible. USD planning view; stated limitations apply.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "freelance-rate",
    "us",
    "business-finance",
    "business-metrics"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "new",
  "engine": "native",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/v20-us-freelance-rate.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "20.16.0",
    "referenceCoverage": "references-listed",
    "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
    "historicalMetadataDate": "",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "notice": "Illustrative defaults are not local quotes or verified legal rules. Dated reference components and user-entered assumptions are explicitly distinguished. Professional review is pending.",
  "urls": {
    "page": "/us/freelance-rate/",
    "definition": "/us/freelance-rate/definition.json",
    "schema": "/us/freelance-rate/schema.json",
    "llms": "/us/freelance-rate/llms.txt",
    "legacyDefinition": "/us/freelance-rate/definition.json"
  },
  "queryExample": "https://askcalculators.com/us/freelance-rate/?desiredNet=50000&effectiveTax=25&overhead=10000&reserve=5000&weeks=46&hours=40&billablePercent=60&collectionPercent=98",
  "queryParameters": {
    "desiredNet": {
      "label": "Desired annual income after the entered effective tax assumption",
      "type": "money",
      "required": true,
      "default": 50000
    },
    "effectiveTax": {
      "label": "Effective tax assumption on owner income",
      "type": "percent",
      "required": true,
      "default": 25
    },
    "overhead": {
      "label": "Annual deductible business overhead assumption",
      "type": "money",
      "required": true,
      "default": 10000
    },
    "reserve": {
      "label": "Additional annual pretax reserve target",
      "type": "money",
      "required": true,
      "default": 5000
    },
    "weeks": {
      "label": "Working weeks per year",
      "type": "number",
      "required": true,
      "default": 46
    },
    "hours": {
      "label": "Working hours per week",
      "type": "number",
      "required": true,
      "default": 40
    },
    "billablePercent": {
      "label": "Share of working hours that can be billed",
      "type": "percent",
      "required": true,
      "default": 60
    },
    "collectionPercent": {
      "label": "Share of invoices expected to be collected",
      "type": "percent",
      "required": true,
      "default": 98
    }
  },
  "inputs": [
    {
      "id": "desiredNet",
      "label": "Desired annual income after the entered effective tax assumption",
      "type": "money",
      "defaultValue": 50000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "effectiveTax",
      "label": "Effective tax assumption on owner income",
      "type": "percent",
      "defaultValue": 25,
      "required": true,
      "min": 0,
      "max": 95,
      "step": 0.1,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "overhead",
      "label": "Annual deductible business overhead assumption",
      "type": "money",
      "defaultValue": 10000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "reserve",
      "label": "Additional annual pretax reserve target",
      "type": "money",
      "defaultValue": 5000,
      "required": true,
      "min": 0,
      "max": 1000000000000,
      "step": 0.01,
      "prefix": "USD",
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "weeks",
      "label": "Working weeks per year",
      "type": "number",
      "defaultValue": 46,
      "required": true,
      "min": 1,
      "max": 53,
      "step": 1,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "hours",
      "label": "Working hours per week",
      "type": "number",
      "defaultValue": 40,
      "required": true,
      "min": 0.01,
      "max": 100,
      "step": 0.01,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "billablePercent",
      "label": "Share of working hours that can be billed",
      "type": "percent",
      "defaultValue": 60,
      "required": true,
      "min": 0,
      "max": 100,
      "step": 0.1,
      "help": "Illustrative starting value; replace with your own evidence."
    },
    {
      "id": "collectionPercent",
      "label": "Share of invoices expected to be collected",
      "type": "percent",
      "defaultValue": 98,
      "required": true,
      "min": 0,
      "max": 100,
      "step": 0.1,
      "help": "Illustrative starting value; replace with your own evidence."
    }
  ],
  "outputs": [
    {
      "id": "requiredRevenue",
      "label": "Target billed-and-collected revenue",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    },
    {
      "id": "billableHours",
      "label": "Annual billable hours",
      "format": "number",
      "digits": 2
    },
    {
      "id": "hourlyRate",
      "label": "Required invoiced hourly rate",
      "format": "currency",
      "digits": 2,
      "primary": true,
      "currency": "USD"
    },
    {
      "id": "dayRate",
      "label": "Equivalent eight-hour billable day",
      "format": "currency",
      "digits": 2,
      "currency": "USD"
    }
  ],
  "formula": {
    "expression": "hourly rate = (desired net/(1 − tax assumption) + overhead + pretax reserve) ÷ (working weeks × hours × billable share × collection share).",
    "note": "Inputs are converted to canonical units before evaluating this stated formula."
  },
  "examples": [
    {
      "label": "Illustrative defaults; required verification checks remain unconfirmed",
      "inputs": {
        "unitSystem": "imperial",
        "desiredNet": 50000,
        "effectiveTax": 25,
        "overhead": 10000,
        "reserve": 5000,
        "weeks": 46,
        "hours": 40,
        "billablePercent": 60,
        "collectionPercent": 98
      }
    }
  ],
  "sources": [
    {
      "label": "CFPB loan-estimate explanation",
      "url": "https://www.consumerfinance.gov/owning-a-home/loan-estimate/"
    },
    {
      "label": "NIST unit conversion guidance",
      "url": "https://www.nist.gov/pml/special-publication-811"
    }
  ],
  "publicSlug": "freelance-rate",
  "namespace": "us",
  "countries": [
    "us",
    "ca",
    "uk",
    "ie"
  ]
}