Salary & Rate Calculator

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Salary & Rate Calculator

Enter an existing employee's pay and benefits to see their true fully-loaded cost, and the equivalent hourly rate to offer a W2 or 1099 replacement.

Existing Employee Package

$ / year
%
$ / month
Employer's monthly cost, not the employee's payroll deduction.
Advanced assumptions
hrs
Default 2080 = 40 hrs/week × 52 weeks.
%
Applied twice: once to the incumbent's own salary (added into their total cost below, since you already pay this today), and again when converting to a W2 Hourly wage (a new W2 hire incurs it too). Typical: 7.65% employer FICA match + SUTA/FUTA + workers’ comp. A 1099 contractor covers their own taxes, so no burden is applied there.

Breakdown

Base annual salary
$0
Base hourly rate
$0.00/hr
Vacation (annualized)
0 hrs
401(k) annual cost
$0
Healthcare annual cost
$0
Employer payroll tax (on salary)
$0
Total annual loaded cost
$0
Actual worked hours / year
0 hrs

Equivalent Hiring Rates

Benchmark Hourly Rate (total cost ÷ standard hours)
$0.00/hr
1099 / Independent Contractor (total cost ÷ actual worked hours)
$0.00/hr
W2 Hourly, No Benefits (total cost ÷ worked hours, net of employer tax burden)
$0.00/hr

Estimates for internal planning only — not tax, legal, or accounting advice. Verify payroll tax and benefits assumptions with your accountant before finalizing offers.