"Real" Hourly Wage

So your boss told you that you were getting paid $10 an hour? Don't believe it! This calculator will show you how much you're REALLY profiting (after-tax, after work-related-expense take-home) from each hour you devote to working -- both paid and unpaid. But wait! Before you approach your boss with this startling computation, make sure you see both sides. You know, your boss's "side" and the "outside!" 


Note: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields (dollar signs and other non-numeric characters will cause a JavaScript error).













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  Tax Estimator

  Loan Amortization
  Loan Comparison
  Missing Loan Term
  Debt  Consolidation

  Portfolio Mix
  Compounding Interval
  Single Future Value
  Periodic Future Value
  Savings Time
  Savings Goal
  Lump Sum Savings
  Retirement Savings
  IRA Distributions
  College Funding

  Mortgage Qualification
  Bi-Weekly Mortgage
  Mortgage Refinancing
  Payoff Goal
  Rent vs. Buy

  Net Worth
  Cash Flow
  Expense Percentage
  Wage Conversion
  Irregular Payments
  Credit Card Payment
  Debt Investment
  Average Interest Rate
  Real Hourly Wage
  Lifetime Earnings
  Generic Savings
  Car Cost Comparison
  Transportation Savings


Take Home Pay

Take-home pay per pay period:


Number of pay periods per year:



Time Allocated to Work

Number of workdays per pay period:


Number of paid work hours per workday:


Minutes of unpaid breaks per workday:


Minutes of work-related commute time per workday:


Minutes spent getting ready for work per workday:



Un-reimbursed, Work-Related Expenses

Number of work-related miles you drive your car per workday:


Other work-related transportation costs per workday:


Your share of daycare expenses per pay period:


Dining out expense per workday:


Un-reimbursed work-related clothing expenses per month:


Union Dues per pay period:


Office gifts per month:





Monthly Take-Home:

Monthly Work-Related Expenses:

Monthly Net-Profit:

Monthly Work-Related Hours:

Real Hourly Wage:


Money to Time Conversion:

Enter the purchase price of any item:
Be sure to include sales-tax and any finance charges that might apply.



Based on your Real Hourly Wage, this is how many hours you will have to allocate to working in order to pay for the above purchase price (Hope you enjoy your work!):

Copyright 1998-2001 Daniel C. Peterson, All Rights Reserved