What guideline should a freelancer follow when calculating their required gross hourly rate compared to a comparable salaried position?
Answer
Aim for at least 1.5 to 2 times the comparable salaried rate to cover self-employment costs.
A good rule of thumb is to aim for a gross hourly rate that is at least 1.5 to 2 times what a comparable salaried position would pay to cover non-billable time, self-employment taxes, insurance, and marketing.
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