Freelance / Consulting Rate Calculator
freelance_rateCalculate 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.
Tool call template
Replace each placeholder with a value matching the input schema. Only required parameters are included; add optional parameters as needed.
{
"id": 1,
"jsonrpc": "2.0",
"method": "tools/call",
"params": {
"arguments": {
"targetAnnualIncome": "<targetAnnualIncome>"
},
"name": "freelance_rate"
}
}Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| taxRatePct | No | Effective tax + self-employment rate, percent. Default 25. | |
| hoursPerWeek | No | Total work hours per week. Default 40. | |
| targetAnnualIncome | Yes | Take-home income you want, after business expenses. | |
| billableUtilization | No | Fraction of work hours that are billable (0..1). Default 0.6. | |
| workingWeeksPerYear | No | Weeks worked per year. Default 48. | |
| annualBusinessExpenses | No | Yearly business costs. Default 0. |