Most people also forget, that if you are on a Corp-Corp basis you need to include a lot of other factors. Also, don't forget when doing short-term housing the cost of living is not a factor as it is all very expensive. Here is a quick break down of what you would have to charge on a Corp-Corp basis to clear 100k a year as a contractor. First the assumption: 1760 billable hours in a year (subtract from 2080 paid time off, as well as time looking for new contracts. In this scenario that is 4 weeks PTO (10 federal holidays, 10 Personal Days) and 4 weeks to search. So for 100K: $56.82/hr for the hundred $4.26/hr Cover the difference in Fica $8.60/hr for benefits Total: $69.68/hr without including travel expenses to make 100k. This is actually unrealistic, considering that most books on consulting suggest at least 25% of your potential billable hours will be spent marketing yourself (ie, not billing). Using that figure, the hourly rate to make 100k is: 85.16/hr, again without travel. Now for the really shocking news: All of those "great" opportunities which pay between $35 and $45 an hour equate to an annual salary of: $50k and $65k, respectively. Lastly, if your curious, travel can run between $20k and $40k a year which is another serious bite into hourly figures. Personally, I don't like to quibble with people. I go to Salary.com and look up the annual figure for the best fitting title in the area and then plug it into my spreadsheet and get a number. If they are offering less it better be an incredible opportunity. Of course, all this is only from a consultants perspective. So all others need not apply. Also, for the full-time people considering full-time offers, don't forget unpaid overtime when computing actual compensation.
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