Assuming 52 working weeks:
$1,200 × 52 = $62,400 per year
Your actual income after taxes will be lower.
Also, this calculation does not account for unpaid holidays, vacation, sick days, insurance, retirement contributions, or other deductions.
For freelancers, the calculation can be different because freelancers may spend some of their time finding clients, communicating with customers, preparing proposals, handling invoices, or making revisions.
