And in case anyone missed it, about this comment: "Divide the fee you were promised by the time you spent earning that fee. That right there is what your time was worth to the person who hired you."
As Mike said, that's AFTER you deduct all your hard costs for that assignment. Plus, remember that you may also need to pay taxes on that profit (perhaps including self-employment taxes, in addition to income tax), which isn't deducted from your pay as it would be for an employee. So even that part isn't all spendable cash in your pocket. (This is especially true if you have another job or other sources of income.)
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