Enter the total yearly salary ($) into the Equivalent Contract Rate Calculator. The calculator will evaluate the Equivalent Contract Rate needed to meet the salary rate due to loss in hidden benefits and taxes.

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## Equivalent Contract Rate Formula

The following two example problems outline the steps and information needed to calculate the Equivalent Contract Rate.

ECR = YS/1,768*1.52

- Where ECR is the Equivalent Contract Rate ($/hr)
- YS is the total yearly salary ($)

To calculate the equivalent contract rate, divide the yearly salary by 1768, then multiply by 1.52.

## How to Calculate Equivalent Contract Rate?

The following example problems outline how to calculate Equivalent Contract Rate.

Example Problem #1:

- First, determine the total yearly salary ($).
- The total yearly salary ($) is given as: 50,000.

- Finally, calculate the Equivalent Contract Rate using the equation above:

ECR = YS/1,768*1.52

The values provided above are inserted into the equation below and computed.

ECR = 50,000/1,768*1.52 = 42.98 ($/hr)

Example Problem #2:** **

For this problem, the variables required are provided below:

total yearly salary ($) = 100,000

Test your knowledge using the equation and check your answer with the calculator..

ECR = YS/1,768*1.52** = ?**