How does that math work out? $65/hr = $130K/yr is using a pretty standard 2000 hrs/yr estimate. 52 wks/yr * 5 days/wk * 8hrs/day = 2080 hrs. So the 2000hr ($

How does that math work out? $65/hr = $130K/yr is using a pretty standard 2000 hrs/yr estimate. 52 wks/yr * 5 days/wk * 8hrs/day = 2080 hrs. So the 2000hr ($130K) estimate assumes 2 full weeks PTO. $124,800 works out to only 1920 hrs/yr, which is 48 weeks of 40hr/wk work. ETA: but yes, once you take into account benefits, taxes, and other expenses, one would want a significantly higher 1099 rate anyway.