Hourly Rate from Billable Hours

From the book, Chapter 6. Leo: $74,000 a year over 46 weeks of 40 hours, 65% billable, is 1,196 billable hours and $61.87 an hour. Dividing by a “normal” 2,080 hours gives $35.58, which would have left him $31,450 short. Tax isn’t included: ask an accountant where you are.