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Jaume9

wealth-engine

by Jaume9

Freelance / Consulting Rate Calculator

freelance_rate

Calculate your freelance hourly rate to achieve a target take-home income while accounting for business expenses, taxes, vacation, and non-billable time. Avoid undercharging by using realistic utilization rates.

Instructions

Calculate the hourly rate a freelancer or consultant must charge to actually hit a target take-home income, correctly accounting for non-billable time, vacation, taxes, and business expenses. Stops you from under-charging by using your old salary divided by 2080.

Input Schema

TableJSON Schema
NameRequiredDescriptionDefault
taxRatePctNoEffective tax + self-employment rate, percent. Default 25.
hoursPerWeekNoTotal work hours per week. Default 40.
targetAnnualIncomeYesTake-home income you want, after business expenses.
billableUtilizationNoFraction of work hours that are billable (0..1). Default 0.6.
workingWeeksPerYearNoWeeks worked per year. Default 48.
annualBusinessExpensesNoYearly business costs. Default 0.
Behavior3/5

Does the description disclose side effects, auth requirements, rate limits, or destructive behavior?

No annotations are provided, so the description carries full burden. It mentions accounting for non-billable time, vacation, taxes, and expenses, but does not disclose default values or output format. Adequate but not fully transparent.

Agents need to know what a tool does to the world before calling it. Descriptions should go beyond structured annotations to explain consequences.

Conciseness5/5

Is the description appropriately sized, front-loaded, and free of redundancy?

The description is two sentences long, front-loaded with the core purpose, and appends a useful warning. No wasted words.

Shorter descriptions cost fewer tokens and are easier for agents to parse. Every sentence should earn its place.

Completeness3/5

Given the tool's complexity, does the description cover enough for an agent to succeed on first attempt?

No output schema is provided, and the description does not specify the return value (presumably hourly rate) or any additional info like defaults. Given 6 parameters and no output description, completeness is adequate but missing key details.

Complex tools with many parameters or behaviors need more documentation. Simple tools need less. This dimension scales expectations accordingly.

Parameters3/5

Does the description clarify parameter syntax, constraints, interactions, or defaults beyond what the schema provides?

Schema coverage is 100% with good descriptions in the schema itself. The description adds marginal value by referencing concepts like target income and non-billable time, but does not significantly enhance parameter understanding beyond the schema.

Input schemas describe structure but not intent. Descriptions should explain non-obvious parameter relationships and valid value ranges.

Purpose5/5

Does the description clearly state what the tool does and how it differs from similar tools?

The description clearly states the tool calculates hourly rate for freelancers to achieve target income, accounting for non-billable time, vacation, taxes, and expenses. It distinguishes itself from siblings which cover budgeting, growth, debt, etc.

Agents choose between tools based on descriptions. A clear purpose with a specific verb and resource helps agents select the right tool.

Usage Guidelines4/5

Does the description explain when to use this tool, when not to, or what alternatives exist?

The description gives clear context: for freelancers/consultants transitioning from salary, and warns against using salary/2080. It does not explicitly state when not to use or name alternatives, but context is sufficient.

Agents often have multiple tools that could apply. Explicit usage guidance like "use X instead of Y when Z" prevents misuse.

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