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@blackrobot
Created January 7, 2020 18:51
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{
"cells": [
{
"cell_type": "markdown",
"metadata": {},
"source": [
"# Hourly Rate Calculator\n",
"\n",
"Use your annual salary to calculate how much you should charge hourly to make up for lost benefits and salary."
]
},
{
"cell_type": "code",
"execution_count": null,
"metadata": {},
"outputs": [],
"source": [
"from decimal import Decimal as D\n",
"\n",
"TAXES = D('0.08')"
]
},
{
"cell_type": "code",
"execution_count": null,
"metadata": {},
"outputs": [],
"source": [
"# Normally the company's portion of your health insurance and\n",
"# other benefits\n",
"annual_benefits = D('300.00') * 12\n",
"\n",
"# Your annual salary\n",
"annual_salary = D('100_000.00')\n",
"\n",
"# Estimated hours per year\n",
"vacation_weeks = 2\n",
"annual_hours = (\n",
" 50 # Weeks worked per year minus vacation weeks\n",
" * 5 # Work days per week\n",
" * 8 # Work hours per day\n",
")"
]
},
{
"cell_type": "code",
"execution_count": null,
"metadata": {},
"outputs": [],
"source": [
"estimated_hourly_rate = round(\n",
" (annual_salary + annual_benefits)\n",
" / annual_hours\n",
" * (1 + TAXES),\n",
" ndigits=2,\n",
")"
]
}
],
"metadata": {
"kernelspec": {
"display_name": "Python 3",
"language": "python",
"name": "python3"
},
"language_info": {
"codemirror_mode": {
"name": "ipython",
"version": 3
},
"file_extension": ".py",
"mimetype": "text/x-python",
"name": "python",
"nbconvert_exporter": "python",
"pygments_lexer": "ipython3",
"version": "3.7.3"
}
},
"nbformat": 4,
"nbformat_minor": 4
}
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