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Income & Business

Income & Business Calculators

Knowing what you earn sounds simple until you try to compare a $75,000 salary with a $45/hour contract, or figure out what to charge as a freelancer after accounting for self-employment taxes, health insurance, and unpaid vacation days. The gap between gross pay and true take-home income is where most people lose clarity, and that gap matters whether you are negotiating a raise, quoting a client, or deciding between full-time and independent work.

These calculators help you cut through the guesswork. The salary-to-hourly tool lets you compare job offers on equal footing. The freelancer rate calculator works backward from your target income to find the hourly rate that actually covers your costs. The invoice tax estimator shows how much of each payment goes to taxes before you spend it. And the break-even calculator tells business owners exactly how many sales it takes to start turning a profit.

Whether you are a salaried employee checking your effective hourly rate, a freelancer building a pricing strategy, or a small business owner modeling costs, the math runs entirely in your browser. No data leaves your device, no sign-up required, and every scenario you test is private.

Calculators

Salary to Hourly Calculator

Convert your annual salary to an hourly, weekly, or monthly rate.

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Freelancer Rate Calculator

Calculate the hourly rate you need to charge as a freelancer to hit your income goal.

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Invoice + Tax Calculator

Calculate invoice totals with tax, discounts, and multiple line items.

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Break-Even Calculator

Calculate the break-even point for your business or product.

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Tip & Bill Splitter

Calculate tip amount, total bill, and split it evenly between any number of people.

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Frequently Asked Questions

How do I convert my annual salary to an hourly rate?
Divide your annual salary by the number of working hours per year. For a standard full-time schedule, that is 2,080 hours (40 hours/week x 52 weeks). A $60,000 salary equals roughly $28.85 per hour. Remember to account for paid time off: if you get 3 weeks of PTO, your effective hourly rate for hours actually worked is higher.
How should freelancers set their rates?
Start with your target annual income, add self-employment taxes (roughly 15% in the US), health insurance, retirement contributions, and business expenses. Divide by your expected billable hours (typically 1,000-1,400 per year, not 2,080). This ensures your rate covers the full cost of being self-employed, not just your take-home pay.
What is a break-even analysis and why does it matter?
Break-even analysis tells you exactly how many units you need to sell (or how much revenue you need) to cover all your costs. Below that point you lose money; above it you profit. It is essential for pricing decisions, evaluating new products, and understanding how changes in costs or prices affect profitability.
Is salary or hourly pay better?
Neither is universally better. Salaried positions offer predictable income, benefits, and paid time off. Hourly positions pay for every hour worked, including overtime, which can mean higher total pay during busy periods. The best choice depends on your industry, work patterns, and whether you value predictability or flexibility.
How do I calculate tax on a freelance invoice?
Freelancers owe income tax plus self-employment tax (Social Security and Medicare). In the US, set aside 25-30% of each invoice for taxes. The Invoice Tax Calculator helps you estimate the tax portion of any invoice amount so you can quote clients accurately and avoid surprises at tax time.