Freelancers often estimate profit using a straightforward approach. Multiply your hourly rate by the expected hours, subtract expenses, then subtract any platform fee. The MathML representation is .
Enter your desired rate, the estimated number of billable hours, and any direct expenses such as software subscriptions or supplies. If you work through a platform that takes a percentage, enter that fee as well. The calculator displays your net profit so you can negotiate rates that match your income goals.
Remember that not every hour of the work week is billable. Many freelancers set aside a percentage of each project for taxes and allow extra time for administrative tasks or client outreach. Use this calculator alongside your tax savings planner to ensure you cover all bases.
| Item | Amount |
|---|---|
| Total Revenue | $4,000 |
| Expenses | $500 |
| Platform Fee (10%) | $400 |
| Net Profit | $3,100 |
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