How this number is made
A day rate times billed days is revenue, not pay. Unbilled days, tax, and expenses are still ahead of you. Two hundred billed days is a full year for many independents, not 260 weekdays.
- Count days you will invoice, not days you will work.
- The 1099 page turns a similar gross into a net.
Formula
Revenue = day rate × days.
Worked example
With the figures already in the form, billed revenue is $130,000.
Questions
How many days can I bill?
Fewer than the weekdays on a calendar. Holidays, illness, and weeks between contracts are why 200 is a more honest default than 260.
Should the rate include tax?
Quote it however your clients expect. This page does not add VAT. The invoice page does.