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. 

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:

  1. First, determine the total yearly salary ($).
    • The total yearly salary ($) is given as: 50,000.
  2. 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 = ?