Sure. And Aaron said to double it. So after you divide by 2, you
double it. :)
On Nov 8, 2010, at 3:04 PM, Geir Magnusson Jr. wrote:
That's wrong.
You need to divide by 2. $75k -> 35/hour....
geir
On Nov 8, 2010, at 2:48 PM, Rich Bowen wrote:
Thank you. This is very helpful. I didn't know that there was a
clear rule of thumb like this.
On Nov 8, 2010, at 2:24 PM, Mike Kienenberger wrote:
And since most people work 40 hours a week (approximately 2000
hours a
year), another more generalized way to state the rule of thumb is
take
your preferred annual salary and divide by 1000.
Ie, $75,000 becomes $75 an hour. In the US, keep in mind that taxes
on income after business expenses will be no less than 15.3% (self
employment tax) and most likely 30% or higher (se tax plus income
and
other taxes), so a lot of this money disappears quickly :)
On Mon, Nov 8, 2010 at 2:05 PM, J Aaron Farr <fa...@apache.org>
wrote:
Rough rule of thumb is to take your salary (or preferred salary),
convert it to an hourly rate, then double it.
--
J. Aaron Farr
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www.cubiclemuses.com
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