Concur 
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Calculating one’s PROFITABILITY can be a daunting task & certainly shouldn’t be glazed over lightly . . .
While the thought is appreciated, there are many items that were EXCLUDED from the calculation noted in the original post that must be included PRIOR TO speaking of profitability and hourly rate.
There are many items to consider within Overhead calculations. Here are a few to get started:
• gasoline
• turnpike fees
• ferry expenses
• parking expenses
• paper
• toner
• telephone expenses including cell phone equipment and monthly service fees
• Notarial stamps for Jurats, Acknowledgements, Notarial Name, Commission Expiration, etc.
• advertising and marketing costs; i.e., Google ads, yellow pages ad, website, business cards, or brochure
• rent and utilities
• office equipment and furniture; i.e., work chair, work desk, reliable dual-tray printer, trustworthy scanner, etc.
• binder clips
• pens (inexpensive for one-time use)
• stationery and supplies including stamps & envelopes
• business insurance
• business-related meals and entertainment
• professional association memberships
• annual background checks
• annual certification expenses
• travel costs to & from signer locations (i.e., create a generic by county list)
• travel costs to & from FedEx/UPS/USPS, etc. (i.e., choose your favorite location OR the closest that will provide you with a receipt)
• legal and accounting fees
• tax preparation fees
• Protection equipment; i.e., COVID-19 masks, hand sanitizer, wipes, etc.
AND MANY more!
Individual overhead would also include the cost of fringe benefits; i.e., medical insurance, disability insurance, retirement benefits. Also, remember to include quarterly income tax payment to federal & state (as appropriate) and self-employment taxes.
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If calculating all this accurately to determine PROFITABILITY and the ACTUAL HOURLY RATE after expenses seems to be a bit overwhelming, reach out to your tax advisor and ask for guidance in this regard.
Also, for a detailed example BREAKING DOWN the elements of a calculation, please see this post:
