Not exactly. The thing to keep in mind here though is that billable rate isn't necessarily 40 hours/week and you likely have some sort of salary component that

Not exactly. The thing to keep in mind here though is that billable rate isn't necessarily 40 hours/week and you likely have some sort of salary component that requires you to hit a base amount of billable hours. So something like (just making up numbers here) $120,000/year $170/hr for each billable hour over 20 hours/month Sales/delivery bonuses, etc.