wow, I'd be ecstatic to be making 40-45k a year starting out. I make $10/hr right now and think that's pretty good considering what my other friends make. 40k would be about twice of what I'm making now. That just seems high, but that's why I came here to ask!
Also, I basically do everything for them. Made the main logo, made the buttons, flash animations, edited pictures, everything involved in the website. Even set up apache on their own server to host the site.