Contractor Rate Calculator - W2 to 1099 Conversion
Calculate your 1099 contractor rate from W2 salary. Includes benefits, taxes, and expenses to find your true hourly rate.
W2 Compensation
$
Benefits Value
$
$
days
$
Contractor Costs
%
%
hours
Your Contractor Rate
Recommended Hourly Rate
$115.00
Minimum Rate (Break-Even)
$86.26
No profit margin
Rate Breakdown (per hour)
Base Salary$59.52
Benefits$15.29
Self-Employment Tax$11.45
Business Expenses$11.22
Profit Margin$14.96
Annual Comparison
W2 Total Compensation
$125,692.31
Contractor Gross Revenue
$188,915.54
Total billing