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Data Recovery Specialist

Real-Life Activities

Real-Life Math -- Solution

Since you want to take two weeks of holiday each year, you have 50 weeks available for work. Multiply 50 weeks by the number of hours available for client work each week:

50 x 30 = 1,500 hours

Next, divide the desired total earnings by the number of hours you plan to work:

$80,000 / 1,500 hours = $53.33

To earn revenues of $80,000 per year, you will want to charge your clients an hourly rate of $53.33.

"One of the things that I tell people when they're going to start out and do their own thing is, 'You have to look at what you think you want to make in a year, and you have to divide that by the number of hours that you're going to work in a year,'" says computer consultant Harry Elver.