True Labor Cost Worksheet

Wage is not cost, and paid is not billable. Enter what you actually pay. Nothing you type leaves this page.

$
2,080 for full time
hrs
7.65% FICA plus your state unemployment
%
off your policy, per $100 of wages
$/ $100
health, retirement match, stipends
$
vehicle, fuel, phone, tools, training, PPE
$
55 to 75% is the planning bracket for field techs. PTO and holidays come out here, not in burden.
%
Fully loaded annual cost
-
True cost per billable hour
-
Multiple over base wage
-
Base wage-
Payroll taxes-
Workers' comp-
Benefits-
Carrying costs-
Burden total-
Billable hours per year-

The break-even bill rate is the cost per billable hour. Below it, the job loses money and the P&L will not tell you why for another quarter. Count paid time off once, on the billable-share line, never as a burden dollar.

A general planning estimate, not accounting advice. Verify with your accountant and your comp carrier.