Calculator template
Create an hourly rate calculator from income target, expenses, billable hours, and tax reserve.
Review the inputs and formulas below, then open this template in the calculator builder to customize the field names, values, result styles, and notes.
Inputs
Uses income_target in formulas, starts as a currency field, and begins at 6000.
Uses expenses in formulas, starts as a currency field, and begins at 1000.
Uses billable_hours in formulas, starts as a number field, and begins at 80.
Uses tax_reserve in formulas, starts as a percent field, and begins at 25.
Outputs
Format currency
Result style primary
Formula (income_target + expenses) / (billable_hours * (1 - tax_reserve))
Hourly rate needed to hit the target after reserve.
Format currency
Result style metric
Formula income_target + expenses
Revenue target before tax reserve is removed.
Use cases
Category
This template belongs to the Freelance and Service Calculator Templates category, so you can compare it with closely related templates before choosing your best starting point.
Related
Read the guide before you customize an hourly pricing workflow.
Compare the template with the live calculator page for hourly rate planning.
Browse more calculator templates for freelance pricing, quotes, and retainers.
Turn an hourly rate into a project quote.
FAQ
Short answers for the questions that usually come up first.
Yes. Open the template in the builder, then change the labels, values, formulas, notes, or output display styles to fit your workflow.
Yes. Save it on this device, export JSON, or copy a share link after you make changes.
Yes. Templates are meant to be edited. Remove fields, add new ones, or swap formulas if you want a different custom calculator.