## Day rate vs hourly

So, if you earned £30k in your job, adding a third on equals £40k. Dividing £40k by 222 days equals just over £180. This would be your day rate. Oh, and make sure you always add-on VAT to this (20% in the UK), so £180 per day excluding VAT, £216 including VAT. There are a lot of rate calculators out there, From Tom’s perspective, if you can get a \$500 job done in 2 hours, you’ll find yourself at a very respectable rate of \$250/hour. If, however, you agree to hourly pay, you may have a hard time getting a “rate” similar to that, especially if you are new to freelancing and don’t have a lot of previous references or a strong personal brand. Some things to note, while MOST OF THE TIME a Day Rate is negotiated for a 12 Hour Day, that’s not always the case. This is why the Hourly Rate Calculator asks that you fill in the amount of hours your Day Rate is based on. Sometimes you may negotiate a 12 hour day, but sometimes an 8 hour day and sometimes a 13 hour day. As

## If you have your paycheck in hand and do not know what the income tax rate is If you work 40 hours a week, but clock out for a half an hour lunch a day, you only If you make \$75,000 a year, your hourly wage is \$75,000/2080, or \$36.06.

### day rate / half day rate - or just hourly ? - Event Videographers Community of the World (COW) is where event video producers exchange ideas

Here he shares what he has learned about setting an hourly rate and engaging formula for your hourly rate: CTC salary / work days per month / 8 hours = hourly rate. Be sure to add the costs for a conference or two (including flights and