Salary & Hourly Rate Calculator | True Compensation Value

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Your Salary

Base compensation details

Base Compensation

Annual Salary ($) * Your gross annual salary before taxes

Work Schedule

Hours Per Week Standard is 40 hours

Weeks Per Year

Paid Time Off

Paid Vacation Days Avg: 10-20 days

Paid Holidays Typically 8-12 days

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Benefits Value

Employer-provided benefits (annual value)

Health & Retirement

Health Insurance ($/year) Employer's contribution

401k Match ($/year) Employer match amount

Additional Compensation

Other Benefits ($/year) Life insurance, gym, etc.

Expected Bonus ($/year) Annual/performance bonus

💡 Why include benefits? Your true compensation includes everything your employer pays for you - not just salary. This helps you compare jobs accurately.

Your True Hourly Rate

Annual Compensation

$91,700

→

Effective Hourly Rate

$44.09

Base hourly: $36.06 | With benefits: $44.09

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Your Hourly Rate

For contractors, freelancers, and hourly workers

Base Rate

Hourly Rate ($) * Your standard hourly billing rate

Work Schedule

Hours Per Week

Weeks Worked/Year 52 minus unpaid time off

Overtime (Optional)

Overtime Rate Multiplier

Average Overtime Hours/Week Leave 0 if no regular overtime

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Self-Employment Costs

Costs you pay that W-2 employees don't

Taxes

Self-Employment Tax Rate (%) Standard is 15.3% (Social Security + Medicare)

Self-Funded Benefits

Health Insurance ($/month) Individual marketplace plans: $300-700/mo

Retirement Savings ($/month) SEP-IRA, Solo 401k contributions

💡 W-2 vs 1099: As a contractor, you pay both employer AND employee portions of payroll tax (15.3%). W-2 employees only pay half (7.65%).

Salary Equivalent

Hourly Rate

$45.00/hr

→

Equivalent Annual Salary

$90,000

After self-employment costs: $58,800 net | Equivalent W-2 salary needed: $69,176

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Offer A

First job offer details

Job Details

Job Title

Annual Salary ($) *

Bonuses

Signing Bonus ($) One-time

Annual Bonus ($) Expected yearly

Benefits

Health Insurance ($/yr)

401k Match ($/yr)

PTO Days

Commute (miles/day) Round trip

🅱️

Offer B

Second job offer details

Job Details

Job Title

Annual Salary ($) *

Bonuses

Signing Bonus ($) One-time

Annual Bonus ($) Expected yearly

Benefits

Health Insurance ($/yr)

401k Match ($/yr)

PTO Days

Commute (miles/day) Round trip

Offer A has higher total compensation!

Offer A Total

$122,750

Offer B Total

$119,150

Offer A is worth $3,600 more per year

Gross Annual

$75,000

Base salary

Total Comp

$91,700

Including benefits

Hourly (Base)

$36.06

Salary only

Hourly (Total)

$44.09

With benefits

Monthly

$6,250

Before taxes

Daily Rate

$288

Per work day

Pay Period Breakdown

Period	Gross Pay	With Benefits	Hourly Equivalent
Yearly	$75,000	$91,700	$44.09/hr
Monthly	$6,250	$7,642	$44.09/hr
Bi-Weekly	$2,885	$3,527	$44.09/hr
Weekly	$1,442	$1,763	$44.09/hr
Daily	$288	$353	$44.09/hr
Hourly	$36.06	$44.09	—

Compensation Breakdown

Time Breakdown (Annual)

Detailed Breakdown

💰 Income

Base Salary $75,000

Annual Bonus $5,000

TOTAL CASH $80,000

🎁 Benefits Value

Health Insurance $7,200

401k Match $3,000

Other Benefits $1,500

PTO Value $7,212

TOTAL BENEFITS $18,912

💡 Negotiation Tips

📊 Know Your Market Rate

Research salaries on Glassdoor, LinkedIn, and Levels.fyi for your role, location, and experience level.

🎯 Consider Total Compensation

A lower salary with better benefits might be worth more. Factor in health insurance, 401k match, and PTO.

💳 Don't Forget Hidden Costs

Commute costs, parking, work clothes, and meals can add up. A remote job might save you thousands.

⏰ Value Your Time

A higher salary with 60-hour weeks may pay less per hour than a modest salary at 40 hours.

⚠️ Assumptions & Notes

Calculations are before income taxes
Benefits values are estimates - verify with employer
PTO value calculated at daily rate
Does not include state/local tax differences
Overtime calculations assume US labor laws
Self-employment tax is 15.3% (Social Security + Medicare)