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The Real Take-Home Pay Calculator for Freelancers
Your Invoice Says $8,500. Your Bank Account Tells a Different Story.Freelancers get paid in gross. Everything else — self-employment tax, income tax, health insurance, business expenses, retirement contributions — comes out of that number before you see real take-home pay. Most freelancers have a rough sense of this. Very few have calculated it precisely.The result: lifestyle decisions made on gross revenue instead of net income. Rates set without knowing the...
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