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Salary & Benefits Cost Calculator: Estimating the Total Compensation for Staff, Study notes of Marketing

A salary and benefits cost calculator to estimate the total compensation for staff, including taxes and benefits. The calculator shows the cost per hour and per year for various salaries and hourly rates. It can be used for planning and budgeting purposes.

What you will learn

  • What is the cost per hour for an executive director with a salary of $183,000?
  • How much does it cost per year to employ a marketing director with an hourly rate of $35.19?
  • What is the total cost of benefits and taxes for an employee earning $50,000 per year?

Typology: Study notes

2021/2022

Uploaded on 09/12/2022

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Salary & Benefits Cost Calculator
How Much Your Earn or How Much It Costs for Staff *
BENEFITS &
TAXES **
Per Yr Per Month Bi-Weekly Per Wk Per Hr 22% TOTAL
$5,000 $416.67 $191.57 $96.15 $2.40 $1,100 $6,100
$8,000 $666.67 $306.51 $153.85 $3.85 $1,760 $9,760
$10,000 $833.33 $383.14 $192.31 $4.81 $2,200 $12,200
$10,712 $892.67 $410.42 $206.00 $5.15 $2,357 $13,069
$12,500 $1,041.67 $478.93 $240.38 $6.01 $2,750 $15,250
$13,624 $1,135.33 $521.99 $262.00 $6.55 $2,997 $16,621
$15,080 $1,256.67 $577.78 $290.00 $7.25 $3,318 $18,398
$17,500 $1,458.33 $670.50 $336.54 $8.41 $3,850 $21,350
$20,000 $1,666.67 $766.28 $384.62 $9.62 $4,400 $24,400
$22,500 $1,875.00 $862.07 $432.69 $10.82 $4,950 $27,450
$25,000 $2,083.33 $957.85 $480.77 $12.02 $5,500 $30,500
$27,500 $2,291.67 $1,053.64 $528.85 $13.22 $6,050 $33,550
$30,000 $2,500.00 $1,149.43 $576.92 $14.42 $6,600 $36,600
$32,500 $2,708.33 $1,245.21 $625.00 $15.63 $7,150 $39,650
$35,000 $2,916.67 $1,341.00 $673.08 $16.83 $7,700 $42,700
$37,500 $3,125.00 $1,436.78 $721.15 $18.03 $8,250 $45,750
$40,000 $3,333.33 $1,532.57 $769.23 $19.23 $8,800 $48,800
$45,000 $3,750.00 $1,724.14 $865.38 $21.63 $9,900 $54,900
$50,000 $4,166.67 $1,915.71 $961.54 $24.04 $11,000 $61,000
$55,000 $4,583.33 $2,107.28 $1,057.69 $26.44 $12,100 $67,100
$60,000 $5,000.00 $2,298.85 $1,153.85 $28.85 $13,200 $73,200
$65,000 $5,416.67 $2,490.42 $1,250.00 $31.25 $14,300 $79,300
$70,000 $5,833.33 $2,681.99 $1,346.15 $33.65 $15,400 $85,400
$75,000 $6,250.00 $2,873.56 $1,442.31 $36.06 $16,500 $91,500
$80,000 $6,666.67 $3,065.13 $1,538.46 $38.46 $17,600 $97,600
$85,000 $7,083.33 $3,256.70 $1,634.62 $40.87 $18,700 $103,700
$90,000 $7,500.00 $3,448.28 $1,730.77 $43.27 $19,800 $109,800
$95,000 $7,916.67 $3,639.85 $1,826.92 $45.67 $20,900 $115,900
$100,000 $8,333.33 $3,831.42 $1,923.08 $48.08 $22,000 $122,000
$105,000 $8,750.00 $4,022.99 $2,019.23 $50.48 $23,100 $128,100
$110,000 $9,166.67 $4,214.56 $2,115.38 $52.88 $24,200 $134,200
$115,000 $9,583.33 $4,406.13 $2,211.54 $55.29 $25,300 $140,300
$120,000 $10,000.00 $4,597.70 $2,307.69 $57.69 $26,400 $146,400
$125,000 $10,416.67 $4,789.27 $2,403.85 $60.10 $27,500 $152,500
$130,000 $10,833.33 $4,980.84 $2,500.00 $62.50 $28,600 $158,600
$135,000 $11,250.00 $5,172.41 $2,596.15 $64.90 $29,700 $164,700
$140,000 $11,666.67 $5,363.98 $2,692.31 $67.31 $30,800 $170,800
$145,000 $12,083.33 $5,555.56 $2,788.46 $69.71 $31,900 $176,900
$150,000 $12,500.00 $5,747.13 $2,884.62 $72.12 $33,000 $183,000
*Based on 40 hour work week x 52 weeks or 2080 hours per year BEFORE taxes or employee benefits costs
= minimum wage of $7.25 per hour as of July 2009
Example of a cost of a meeting of five senior staff of an arts organization:
POSITION SALARY & BENEFITS HOURLY RATE (Including taxes & benefits)
Executive Director $183,000 $87.98
Managing Director $146,400 $70.38
Marketing Director $73,200 $35.19
Ticket Services Director $61,000 $29.33
Development Director $109,800 $52.79
$275.67 Cost per hour to meet
1/9/2011 WJB Salary and Benefits to 150k
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Download Salary & Benefits Cost Calculator: Estimating the Total Compensation for Staff and more Study notes Marketing in PDF only on Docsity!

Salary & Benefits Cost Calculator

How Much Your Earn or How Much It Costs for Staff *

BENEFITS &

TAXES **

Example of a cost of a meeting of five senior staff of an arts organization:

$275.67 Cost per hour to meet

 - $5,000 $416.67 $191.57 $96.15 $2.40 $1,100 $6, Per Yr Per Month Bi-Weekly Per Wk Per Hr 22% TOTAL - $8,000 $666.67 $306.51 $153.85 $3.85 $1,760 $9, - $10,000 $833.33 $383.14 $192.31 $4.81 $2,200 $12, - $10,712 $892.67 $410.42 $206.00 $5.15 $2,357 $13, - $12,500 $1,041.67 $478.93 $240.38 $6.01 $2,750 $15, - $13,624 $1,135.33 $521.99 $262.00 $6.55 $2,997 $16, - $15,080 $1,256.67 $577.78 $290.00 $7.25 $3,318 $18, - $17,500 $1,458.33 $670.50 $336.54 $8.41 $3,850 $21, - $20,000 $1,666.67 $766.28 $384.62 $9.62 $4,400 $24, - $22,500 $1,875.00 $862.07 $432.69 $10.82 $4,950 $27, - $25,000 $2,083.33 $957.85 $480.77 $12.02 $5,500 $30, - $27,500 $2,291.67 $1,053.64 $528.85 $13.22 $6,050 $33, - $30,000 $2,500.00 $1,149.43 $576.92 $14.42 $6,600 $36, - $32,500 $2,708.33 $1,245.21 $625.00 $15.63 $7,150 $39, - $35,000 $2,916.67 $1,341.00 $673.08 $16.83 $7,700 $42, - $37,500 $3,125.00 $1,436.78 $721.15 $18.03 $8,250 $45, - $40,000 $3,333.33 $1,532.57 $769.23 $19.23 $8,800 $48, - $45,000 $3,750.00 $1,724.14 $865.38 $21.63 $9,900 $54, - $50,000 $4,166.67 $1,915.71 $961.54 $24.04 $11,000 $61, - $55,000 $4,583.33 $2,107.28 $1,057.69 $26.44 $12,100 $67, - $60,000 $5,000.00 $2,298.85 $1,153.85 $28.85 $13,200 $73, - $65,000 $5,416.67 $2,490.42 $1,250.00 $31.25 $14,300 $79, - $70,000 $5,833.33 $2,681.99 $1,346.15 $33.65 $15,400 $85, - $75,000 $6,250.00 $2,873.56 $1,442.31 $36.06 $16,500 $91, - $80,000 $6,666.67 $3,065.13 $1,538.46 $38.46 $17,600 $97, - $85,000 $7,083.33 $3,256.70 $1,634.62 $40.87 $18,700 $103, - $90,000 $7,500.00 $3,448.28 $1,730.77 $43.27 $19,800 $109, - $95,000 $7,916.67 $3,639.85 $1,826.92 $45.67 $20,900 $115, 
  • $100,000 $8,333.33 $3,831.42 $1,923.08 $48.08 $22,000 $122,
  • $105,000 $8,750.00 $4,022.99 $2,019.23 $50.48 $23,100 $128,
  • $110,000 $9,166.67 $4,214.56 $2,115.38 $52.88 $24,200 $134,
  • $115,000 $9,583.33 $4,406.13 $2,211.54 $55.29 $25,300 $140,
  • $120,000 $10,000.00 $4,597.70 $2,307.69 $57.69 $26,400 $146,
  • $125,000 $10,416.67 $4,789.27 $2,403.85 $60.10 $27,500 $152,
  • $130,000 $10,833.33 $4,980.84 $2,500.00 $62.50 $28,600 $158,
  • $135,000 $11,250.00 $5,172.41 $2,596.15 $64.90 $29,700 $164,
  • $140,000 $11,666.67 $5,363.98 $2,692.31 $67.31 $30,800 $170,
  • $145,000 $12,083.33 $5,555.56 $2,788.46 $69.71 $31,900 $176,
  • $150,000 $12,500.00 $5,747.13 $2,884.62 $72.12 $33,000 $183, - = minimum wage of $7.25 per hour as of July *Based on 40 hour work week x 52 weeks or 2080 hours per year BEFORE taxes or employee benefits costs
  • Executive Director $183,000 $87. POSITION SALARY & BENEFITS HOURLY RATE (Including taxes & benefits)
  • Managing Director $146,400 $70.
  • Marketing Director $73,200 $35.
  • Ticket Services Director $61,000 $29.
  • Development Director $109,800 $52.

** Taxes + Benefits = An estimate based on FICA, Medicare, State Unemployment Insurance and State Workers Comp plus single coverage for a low cost health insurance policy. Insurance coverage varies by state, your gender, age, weight and many more variables.

1/9/2011 WJB Salary and Benefits to 150k