Why do freelancers need a target income calculator?
The shift from full-time employment means shifting from knowing exactly how much money you have each month to not knowing how much you will make and not knowing when it will come in.
How does it work?
This calculator takes into account US self-employment taxes, state taxes, and normal deductions and then determines what income you need to make based on your spending habits.
Next, based on an hourly rate you can adjust, it allows you to determine how many hours you should target to work within a certain period.