Calculate Real Hourly Wage

Discover your hourly net profit from hours allocated to work.

Take Home Pay
Take-home:Take-home pay:Take-home pay per period:Take-home pay per pay period:
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Take-home pay per pay period:

Enter your take-home pay per pay period. Be sure to add back any withheld funds that will be returned to you later (retirement withholdings, etc), as well as any expenses your employer is paying on your behalf (health insurance, etc.).

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Pay period:Pay period:Pay period interval:Pay period interval:
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Pay period interval:

Select your pay period interval from the pull down menu. Note that bi-weekly means you get paid every two weeks, whereas semi-monthly means you get paid twice per month.

Time Allocated to Work
Days/prd:Days per period:Workdays per period:Number of workdays per pay period:
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Number of workdays per pay period:

Enter the average number of days you work per pay period.

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Pd hrs/day:Paid hours/day:Paid hours per day:Number of paid work-hours per workday:
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Number of paid work-hours per workday:

Enter the number of hours you are actually paid for per workday. If you work from 8-5, with a half-hour, unpaid break for lunch, you would enter 8.5. Be sure to include any consistent overtime hours as well.

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Unpd mins:Unpaid minutes:Unpaid minutes per workday:Minutes of unpaid breaks per workday:
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Minutes of unpaid breaks per workday:

Enter the average number of minutes of unpaid breaks per workday. If you usually arrive early for work, be sure to include those minutes as well.

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Travel mins:Travel minutes:Commute minutes per workday:Minutes of commute time per workday:
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Minutes of commute time per workday:

Enter the number of minutes you spend commuting to and from work per workday.

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Prep mins:Prep minutes:Minutes preparing for work:Minutes getting ready for work per workday:
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Minutes spent getting ready for work per workday:

Enter the number of minutes you spend getting ready for work each workday. Also include any minutes spent unwinding/changing once you get home from work.

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Unreimbursed ExpensesUnreimbursed ExpensesUnreimbursed, Work-Related ExpensesUnreimbursed, Work-Related Expenses
Miles/day:Miles/workday:Work miles per workday:Miles you drive your car per workday:
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Number of miles you drive your car per workday:

Enter the average number of work-related miles you drive your own car per workday. Be sure to include any miles driven to and from lunch. The calculator will calculate your cost at 55-cents per mile.

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Fares/day:Fares/workday:Fares, fees and tolls:Fares, fees, tolls per workday:
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Other transportation costs per workday:

Enter any other work-related transportation costs per workday, such as fares, parking fees and tolls.

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Sitter/prd:Daycare/period:Daycare expenses per pay period:Your share of daycare expenses per pay period:
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Your share of daycare expenses per pay period:

Enter your share of daycare costs per pay period if both spouses work. Or, enter the entire daycare cost if you are single or if quitting work would mean you would have no daycare costs.

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Dine/day:Dine/workday:Dining out per workday:Dining out expense per workday:
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Dining out expense per workday:

Enter the average amount you spend on work-related dining-out per workday. Be sure to include the tips! The calculator will compute costs at 66% of the total (average restaurant mark-up).

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Cloth/mon:Clothes/month:Clothing expenses per month:Unreimbursed clothing expenses per month:
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Unreimbursed clothing expenses per month:

Enter the average amount spent on non-reimbursed, work-related clothing per month. Be sure to include any dry-cleaning costs that might apply.

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Dues/prd:Dues/period:Union dues per period:Union dues per pay period:
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Union dues per pay period:

Enter any union or professional dues that you must pay per pay period to maintain your employment.

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Gifts/month:Gifts/month:Office gifts per month:Office gifts per month:
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Office gifts per month:

Enter the average amount you spend each month on work-related gifts, office parties, etc..

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Calculate RHWCalculate Real Hourly WageCalculate Real Hourly WageCalculate Real Hourly Wage
Monthly net:Monthly net pay:Monthly take home pay:Monthly take home pay:
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Monthly take home:

This is your calculated monthly take-home pay.

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Month exp:Monthly exp:Monthly work expenses:Monthly work-related expenses:
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Monthly work-related expenses:

This is the calculated total of all of your monthly work-related expenses.

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Profit:Monthly profit:Monthly net-profit:Monthly net-profit:
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Monthly net-profit:

This is the what is left after subtracting your monthly work-related expenses from your monthly take-home pay.

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Month hrs:Monthly hours:Monthly work-related hours:Monthly work-related hours:
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Monthly work-related hours:

This is the calculated total number of hours you are allocating to work on a monthly basis.

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Profit/hr:Profit per hour:Real hourly wage:Real hourly wage:
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Real hourly wage:

This is result of dividing your monthly net profit by the number of hours you are allocating to work each month.

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Purchase price:
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Work Time Allocation Required
Hours: 0
Work days: 0
Work weeks: 0
Work months: 0
Work years: 0
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