How to use
- Enter hours and the hourly wage.
- Enter employer payroll taxes and benefits as percentages, plus any overhead per hour.
- Read the fully loaded cost per hour and the total for the period.
Worked example: 40 hours at $25.00
Wages are 40 × $25.00 = $1,000.00. Employer payroll taxes at 7.65% add $76.50 and benefits at 20% add $200.00, giving $1,276.50 from the formula 1,000 × (1 + 0.0765 + 0.20).
Add $3.00 per hour of overhead ($120.00) and the total is $1,396.50, a fully loaded rate of $34.91 per hour.
Frequently asked questions
What is included in employer payroll taxes?
Social Security 6.2% and Medicare 1.45% (7.65% total), plus federal and state unemployment and workers' compensation, which vary by state and industry.
What goes in benefits?
Health insurance, retirement match, paid time off and similar, expressed as a percentage of wages.
What is overhead per hour?
Equipment, software, office space or supervision allocated per worked hour.
Does it include overtime?
Enter overtime hours at their premium rate as a separate calculation, or raise the rate accordingly.
How precise is this?
Exact to the cent for the inputs you give; the percentages are estimates you control.
Can I export the breakdown?
Yes, CSV, Excel or copy.