Assuming a 40-hour workweek, the hourly rate is $500 divided by 40, or $12.50. Factoring in 30 percent for benefits, the total direct labor rate is 1.3 multiplied by $12.50, or $16.25 per hour.

That adds approximately 15 percent to your tax burden, and you need to account for that extra money when you set your rates. Add that 15 percent to the hourly rate calculated in the step above.

How Do I Calculate My Hourly Rate As A Consultant? As a new consultant, dividing your previous salary by 52 weeks and then dividing that number by 40 (the number of hours in a week) is the most ...

Begin by converting that figure to a basic hourly rate. Full-time employees typically work 2,000 hours per year after holidays, so divide 100,000 by 2,000 to get 50 — or $50 per hour as a ...

The “regular rate” is a term of art that refers to a blended pay rate that includes many forms of compensation in addition to hourly pay, including commissions, bonuses, piece-rate pay, etc.

The 83rd update to the Civil Procedure Rules (CPR) made a number of changes to the way costs budgeting and management is handled by the courts for cases issued on or after 6 April 2016. One aspect of ...

If you add a fifty percent cushion, your hourly consulting rate will be $30 x 1.5 or forty-five dollars per hour. In most metro areas in the U.S. that is considered a modest consulting rate.

You will get time and a half for hours worked over 40. Suppose you work 45 hours in a week, and your hourly rate is $10 per hour. You’ll get $10 per hour for the first 40 hours, or $400 total.