1. What is Per Day Rate?

Per Day Rate (PDR) is a calculation that converts an annual salary into an equivalent daily rate, typically based on 260 working days per year (52 weeks × 5 days).

2. How Does the Calculator Work?

The calculator uses the Per Day Rate formula:

Where:

• \( PDR \) — Per Day Rate ($)
• \( Annual \) — Annual salary ($)
• \( 260 \) — Standard working days per year

Explanation: This calculation divides the annual salary by 260 working days to determine the equivalent daily rate.

3. Importance of Per Day Rate Calculation

Details: Calculating per day rate is essential for contract work, freelance pricing, project budgeting, and comparing daily rates across different employment opportunities.

4. Using the Calculator

Tips: Enter your annual salary in dollars. The calculator will automatically compute your equivalent daily rate based on 260 working days per year.

5. Frequently Asked Questions (FAQ)

Q1: Why 260 working days?
A: 260 days represents the standard working days in a year (52 weeks × 5 days per week), excluding weekends and standard holidays.

Q2: Can I use a different number of working days?
A: Yes, for custom calculations you can divide your annual salary by your actual number of working days.

Q3: Is this before or after taxes?
A: This calculation is typically based on gross annual salary before tax deductions.

Q4: How accurate is this for freelance work?
A: It provides a good baseline, but freelancers should also factor in business expenses, downtime, and benefits.

Q5: Does this include vacation time?
A: The 260-day calculation assumes paid vacation time is included in the annual salary.