• 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