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Based on a 50 week year at 40 hours per week. If you figured a 70 hour work week at 50 weeks it'd be $111/Hr. A million a year is $500/Hour ;) |
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$390,000.00/2080 = $187.50/hr. |
Remember the power of the AMT. Your tax burden rises very rapidly so it is not as spendable as it seems. I would also imagine that many are self employed and having to set aside a fair amount of their income for retirement, further draining the spendable cash.
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Personally, I like tax problems. Call me wierd? |
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40 work hours in a week (as stated) 2000 work hours/year $195/Hour You charge out whatever you want. |
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Wow! I an unsure (and this is not a matter of right, wrong or indifferent), but... 1. 365.25 / 7 = 52.x weeks 2. 52 * 40 = 2080 hours 2. Our payroll system uses 2080 hours to calculate your hourly rate. I must be getting paid an extra 80 hours. :) $187.50/hr. :p:p |
tell ya what. you win.
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With a median income of 390K Porsche must be only selling 2 cars a year. Believe me I don't want to make 390K a year. I try an make as close to $0 as I can every year.
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