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12
votes
7answers
3k views

Can a company pay a net salary?

I have been approached by a start-up which said that the monthly salary I would earn is a net salary, with no taxes to report on my side, because all taxes are paid and reported by the company. A ...
2
votes
1answer
39 views

How is national insurance deductions calculated in the UK?

I understand that in the UK national insurance is a deduction made to your salary. I have seen this question/answer, that lists 2 very good websites that breakdown your take home pay for UK residents. ...
2
votes
0answers
37 views

How should I split my salary between bank accounts when working abroad?

I am living in Canada and have accepted a temporary position in Kuala Lumpur for a year or two. The company has asked how much of my salary should be deposited in my Canadian account and how much in ...
5
votes
3answers
176 views

S-Corp Reasonable Salary

I am the owner and sole member of a small s-corp. I am a litte confused regarding the reasonable salary the IRS requires. The S-Corp is fairly small and requires very little work to maintain. Would ...
0
votes
1answer
84 views

US: personal income tax calculations and other costs

If an individual has an annual salary of US$150K in Silicon Valley as a software engineer from his/her job, how much would this individual take home (cash)? If said individual has to also take into ...
2
votes
3answers
197 views

Can a new company see how much you're being paid?

I'm currently on (for argument's sake) 20k. I'm due to get a pay rise to 25k soon. I'm going for an interview at a new company soon, and I know that they will ask me what my current salary is. Can I ...
4
votes
1answer
202 views

Downsides to Salary Sacrifice? (UK)

My company are starting a scheme where I reduce my gross salary by the amount I pay into our pensions. They increase their pension contribution by the same amount, saving us both National Insurance ...
2
votes
1answer
121 views

What are the common Income Tax deduction for salary earned in Saudi Arabia

I have left for Saudi Arabia on 7 November 13 , I am a government employee in Saudi Arabia . My salary is deposited in Saudi bank account , will I have to pay tax on 1,000,000 rupees amount which I ...
2
votes
2answers
169 views

Is a 100k salary twice as expensive as a 50k from the employer's point of view?

If you take everything into account (mandatory insurance, etc.), how much do employee and employer's representations diverge about employee's cost? For example, you may think a 5K increase in your ...
1
vote
2answers
78 views

What numbers do I look at to adjust my salary increases for inflation?

I would like to compare my annual salary increases to some "real world purchasing power" metric to see if I am meeting, exceeding, or falling behind on how far my money goes each year. What number ...
-1
votes
1answer
429 views

$100k salary to the amount in pocket breakdown

Looking into the job market as an engineer with several years of experience (for example), it appears salaries are in the $70-110k range, so let's look at a "$100k/year" salary. Help me break down the ...
1
vote
1answer
85 views

Working in Iran for foreign company

I'm Iranian and as you know we are under sanctions. I'm a computer programmer. Can I work for a company (for example in US, UK or Germany) and earn my income while staying in Iran? Is it possible to ...
0
votes
3answers
126 views

Why is salary a credit if money comes in?

I am new to keeping accounts. Today I learned that debit is what comes in credit what goes out Then how can we say that salary gets credited when the money comes in?
10
votes
5answers
4k views

What percent of my salary should I retain?

Here is my situation: right now I am living in Puerto Rico, and I am planning to relocate to the mainland US (probably to Seattle, WA). Although Puerto Rico is a territory of the US, almost everything ...
7
votes
4answers
413 views

Should I negotiate a lower salary to be placed in a lower tax bracket?

I'm about to start the negotiation process for a new position. I expect the offer to be in the area of $72,000 - 76,000 / year. If the offer is higher than $73,800 should I negotiate to have my ...
2
votes
1answer
251 views

Difference between Fortnightly and Monthly pay

I used to get paid monthly at base salary of 48k. I have recently changed my job and getting paid fortnightly with a base salary of 50k I did some calculation and found out that if I get paid monthly ...
0
votes
0answers
44 views

Where can I find cost-of-living-adjusted salary data on world cities?

I could find some data on US, but no luck on other countries. I'm especially looking for data on EU countries.
3
votes
1answer
166 views

Pros, cons, and taxation of Per Diem compensation?

I am working for IT consulting organization in USA. My current employer pays salary on hourly basis and total salary is taxable. I have got another offer from another Consulting Organization. New ...
2
votes
2answers
101 views

San Francisco vs Madison

I am currently getting a 102K salary in Madison and have an offer for 125K from SFO. Should I accept this offer from a monetary perspective or not? I will like to maintain the same life style that I ...
7
votes
3answers
5k views

Bi-weekly payment option

We start bi-weekly pay beginning March 20th. How does this affect the months that have 5 weeks. Do we actually lose two weeks a year? May, July & October have five weeks. Right now I will get ...
1
vote
1answer
290 views

How exactly does France's “rich tax” / “millionaire tax” of 75% above 1 million euros salary work?

Can someone explain how the French "rich tax" works? If I had salary of 1.000.000€ per annum, would I pay 750.000€ tax? And thus I would realize only 250.000€ net income?
1
vote
2answers
419 views

American taxes if living outside the US and get paid by US company on a US bank account

I live outside the States, I'm not American and I'm going to be paid by an American company on my personal American bank account: it's headed to me, as a physical person. I'm obviously going to pay ...
3
votes
1answer
129 views

Are U.S. salaries typically measured/reported before tax, or after tax?

On each of the two sites below, the average salary in California for C++ developers is reported. Would the average reported be before or after taxes? ...
2
votes
2answers
464 views

What is my take home salary in Chicago for 110K annual?

What will be my take home salary in Chicago if I file as married jointly and I have no children. I am the only income earner. What is the effective tax rate and how much federal/state allowances do I ...
3
votes
2answers
204 views

Freelancer in India working for Swiss Company

I am based in India and I have a contract with a Swiss company to handle their businesses in and around India. I receive my Salary in Eur which is then converted to INR in my Bank. I have been paying ...
1
vote
1answer
548 views

Salary account in gnucash: charge vs. income // example transactions

It might not be the usual thing to have on opening balance in a "Salary" account, but if one did, this is what I tried in gnucash: description: payday again :-) transfer: Equity:Opening Balances ...
2
votes
1answer
90 views

How can I reduce the amount of tax I will pay on the sale of an investment property?

I'm selling an investment property. It is not eligible for a primary residence exemption. I am not interested in purchasing another investment property (i.e. doing a 1031 exchange). So I will pay ...
6
votes
2answers
2k views

Value of Pension in regards to salary negotiations

I've been advised from careers.stackexchange to post this question here as it's more financial than career advice. I've received a job offer from a company and I'm looking to make a strong ...
5
votes
6answers
979 views

How do I build wealth?

Usually CEOs and other executives have a salary which doesn't exceed £200k per annum (with 50% going to taxes). However, they possess luxury cars, large house and huge savings, i.e. great wealth. How ...
2
votes
1answer
568 views

Salary equivalency: London vs Berlin

I am currently working as a Java Developer in a permanent role in Berlin with a €45k salary and I'm moving to London on August. Assuming this salary in Berlin reflects exactly my level of experience, ...
3
votes
1answer
193 views

What category should I specify for gross salary in Quicken?

I'm using Quicken 2013 and I'm trying to split my "Gross Salary" (specified as Pay Rate on my pay stub) from my "Deductions" specified as (Current Deductions on my pay stub) using the line items on my ...
1
vote
1answer
402 views

Received W2 but was never paid

I just now received W2 from a company that i worked for 3 days as a contractor. I had to leave country for 2 months due to family emergency. Since the employment duration was very short, i was not ...
4
votes
1answer
713 views

What to write in a salary negotiation letter?

Where I work we have a yearly opportunity to get a raise. The amount is always $100 extra a month, and only 25 of the 500 employees will get it. So I will be competing with managers, researchers, and ...
14
votes
4answers
2k views

Got a “personal” bonus from my boss. Do I have to pay taxes and if so, how do I go about that?

For meeting some personal goals my boss gave me a promised $20K check. This check is not a part of the company payroll. I assume it's too large to just deposit it and forget about it with out the ...
4
votes
5answers
234 views

How to calculate my real earnings from hourly temp-to-hire moving to salaried employee?

I live in California, U.S.A. I have been working in a company as a temp-to-hire position for a few months. However, the company needs me to set up my own company, so that I provide service for them. ...
1
vote
1answer
241 views

Was offered higher salary “later”, do I push for “sooner”?

At company X, I was offered a job at "The new office", A, which "We will be opening soon". The manager of the "new office" resigned, office A did not materialize. While a replacement for the manager ...
4
votes
2answers
143 views

Specific data sources for negotiating salary on a job offer?

I am aware of lots of sources, like the Bureau of Labor and Statistics, Occupational Outlook Handbook, GlassDoor, SalaryQuest, and Salary.com, Indeed.com's salary search, and the others that come up ...
2
votes
4answers
12k views

USA salaries: before/after taxes

I keep reading about software industry salaries in the US. 100k / year, 130k / year, etc. Are these numbers before or after taxes ? What is an estimate of the salary after taxes ? EDIT: I would ...
0
votes
1answer
171 views

The meaning of “annual salary”

Let's say you're having a three-month job every year, and during those three months, your annual salary is $12*. (i.e. It's not an hourly job, but a full-time job -- you earn $3 during those three ...
11
votes
1answer
507 views

Should I pay myself a dividend or a salary?

I'm considering starting my own limited liability company in Germany (GmbH). However, I myself live currently most of the time in Spain (more than 183 days per tax year, the other time is business ...
10
votes
2answers
5k views

Is There A Flaw In This Paycheck Calculation?

I work at a company that pays their employees every other Friday. In other words, paychecks are distributed every 14 days, ending on Friday. Upon being hired, I was told that I will make $300 every ...
7
votes
2answers
236 views

Is it possible to work out my P60 from my pay?

I paid myself from my own company last year but did not issue myself a P60 with we closed the company back in December 2010. It's now time to do my tax return and I am unsure what the exact figures of ...
26
votes
6answers
3k views

What to do when a job offer is made but with a salary less than what was asked for?

I got a job offer this morning from a place I interviewed at yesterday for a front end developer position in nyc. I told them my salary expectation is 75k in the email to which they responded to set ...
7
votes
6answers
1k views

How do you translate a per year salary into a part-time per hour job?

Let's say I'm working part-time and remotely for a company in NY, paid per hour. If I would work there full-time, I would be getting 55K per year + benefits. Instead, I'm working part-time on an ...
0
votes
3answers
79 views

When they list the income of someone, is it the monthly or yearly income?

When they list the income of someone like Steve Balmer ($1,267,670) in wikipedia, is it the monthly or yearly income?
2
votes
3answers
86 views

Is the I.T. function in banking considered to be on the expense side, as opposed to revenue side?

I read that in a company, if you are on the revenue side of the balance sheet, you will earn more than if you are on the expense side. I realise that being in IT in Banking is the expense side as we ...
6
votes
4answers
233 views

Is the average wage a reliable measure for how much the average person earns?

This web site (http://www.livingin-australia.com/salaries-australia/) claims that the average australian wage is 68k per year. I've had a look at some other resources too and they all seem to use this ...
8
votes
1answer
551 views

Calculate Income Tax amount of UK Salary

I've recently been trying to calculate different take home amounts from different salaries, and have ended up getting confused over how the different tax brackets work. If I try to calculate the ...
4
votes
1answer
175 views

Biweekly Paycheck

Is it legal to get paid for the previous two weeks all the time. For example for your paycheck for may 15 will be for April 15 thru the April 30?
20
votes
5answers
1k views

Prices go up and salary doesn't: where goes delta?

I'm not sure that question is appropriate here, if it is not I will delete it. Question: I heard that in USA prices are rising, but salaries are not. This looks strange to me. It means that companies ...