How it works
Hourly contracts multiply rate by billable hours. Project contracts use the entered amount. Expenses reduce business income; payment frequency provides an annualized comparison. No employee withholding is assumed.
Example
A $2,000 project with $300 expenses leaves $1,700 before taxes.
Questions about this tool
Is net contractor income take-home pay?
The result subtracts business expenses from contractor revenue. It is before income and self-employment taxes and does not apply employee withholding.
Are these results independently verified?
No. Results and documents use the information you enter. Review the inputs and keep the underlying records.