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2
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0answers
24 views

With the Fringe Benefits Tax, should I even salary sacrifice for a car?

In Australia, some employers offer an option to salary sacrifice a car purchase. The cost of the car is taken from your pre-tax salary, so your gross income will be less, and therefore, the tax would ...
2
votes
2answers
106 views

How is monthly wage tax calculated in The Netherlands?

AFAIK, in most European countries, the wage tax is calculated based on the total annual earning but is deducted by the employer from the gross salary and paid to the tax authorities in advance, on a ...
4
votes
1answer
254 views

How much total salary to allocate to defer $17,500 to 401(k)?

From my small business, I would like to contribute to my wife's retirement (which also reduces taxable income to the company). My question is about how much total salary should be allocated to her to ...
0
votes
1answer
40 views

Can I write off time spent learning my trade - Two-Man S-Corp

I am a full-time freelance copywriter for an ad agency, who is my sole source of income. I am in the process of forming an S Corp, wherein I will pay myself a salary and take the rest as a ...
4
votes
6answers
88 views

Former Employer direct deposited a payroll check in error

My former employer direct deposited funds into my account. I notified them and they told me they would pull the funds back out. A month has passed and the funds are still there. I want to close this ...
0
votes
1answer
115 views

How much should be our expense and savings ratio? [closed]

What is the right ratio of expense to savings ? is 80-20 alright ? Although we follow high standard living, here in Bharat(India) we can save upto 50%.
0
votes
0answers
26 views

Paying an LLC Partner a Salary in New Jersey

I've been doing a lot of reading in regards to this, but finance is not really my thing. If I have an LLC Partnership in the State of New Jersey, and want to make salary payroll to my fellow owner ...
2
votes
2answers
83 views

How is salary of an owner get determined in a small business?

How does a salary of an shareholder (who is also President/Owner in the company) get determined for a small business Example situation: Owner of Company: owns 90% stake Investor in Company: owns ...
1
vote
1answer
41 views

Indian citizen. Moving to Brunei. Working as freelancer for US company. In which account do I get my salary transferred?

I am an Indian citizen living in the US for last 4 years. My husband will be transferred to Brunei starting July and I will join him too. My US employer wants me to continue working as a freelancer ...
8
votes
3answers
1k views

Are there contracts for fixed pay vs. fixed pay rates?

Are there any contracts that simply pay you when/if you finish a specific project with no mention of a fixed pay/hour? If so, does this mean you can get paid under minimum wage if you take too long to ...
2
votes
1answer
142 views

What happened to my remaining money?

I was offered an Internship at a company with a monthly amount of 15000 rupees. I joined on 6th january 2015. I was paid an amount of 13065 rupees today to my bank account. Where did the remaining ...
2
votes
3answers
450 views

Is paid time off (PTO) considered taxable income?

I am a salaried full-time employee at my company in California, USA. I noticed on both my final 2014 paystub and on my W-2 form that the paid time off (PTO) I took for vacation last year was listed ...
0
votes
1answer
62 views

Opening Company in US as non US resident and living in native country. Tax questions!

I'm planing to open company (C Corporation) with my friend in US, specifically Delaware. But I am not US resident nor is he. Him and I live in Croatia, Europe. We will be owners of company and only ...
0
votes
1answer
420 views

NRE account in indian bank have to pay Income Tax in India

Please help me, i am working in Dubai base company and my work place is any other country Like Oman, Myanmar, etc. Only for work, i am going out side of India say 3-5 month/year. Company is depositing ...
2
votes
1answer
81 views

Paycheck Questions

I have a situation where I believe I was supposed to be paid $1,000 more than what I actually was paid during the year. While it's not a huge amount of money it still would have been nice. I've been ...
1
vote
2answers
80 views

How do companies protect employees' income from currency flucturations? [closed]

Say you are an export-oriented company, selling products abroad and receiving income in some (nominally stable) basket of currencies. Now let's suppose your own domestic currency, the one you use to ...
4
votes
3answers
2k views

Salary Payroll Conversion from Bi-weekly to Semi-monthly Mid-year

My company changed payroll from bi-weekly to semi-monthly mid year The last bi-weekly pay period before conversion ended on 9/7/2014. The first semi-monthly pay period started on 9/16. A pay check was ...
0
votes
0answers
50 views

Is my salary in UK taxable in India?

I have been moved to UK temporarily from India for 2 years. In whole 2013-2014 financial year, I am in UK and getting my salary in UK itself which is being credited in UK based bank. Will my income ...
1
vote
1answer
89 views

Managing account other than salary account

I have a salary account in one bank and a separate saving account in other bank but i dont show my saving account details in ITR will it affect me in future.
0
votes
1answer
113 views

Why should I not disclose my salary?

I'm not looking to blurt out or brag about my salary in social media or anything. I'm apparently making an article about how to get a raise and I am planning to disclose the exact raise (not salary) ...
4
votes
3answers
318 views

How are the $1 salaries that CEOs sometimes take considered legal?

I have been reading about various CEOs taking a $1 salary; typically they also take some from of alternate compensation, e.g. stock options. However, very rarely one will take a $1 salary with no ...
0
votes
0answers
80 views

How can I determine my earning power percentile?

There are many online resources to determine your salary percentile nationally. However, this information is not terribly useful as cost-of-living differs greatly from area to area. For instance, a ...
1
vote
1answer
6k views

Is my paycheck correct for Provident Fund deduction at the new company I joined in India?

I am a software engineer, i worked in two organizations in those two organization provident fund was not deducted they credited me complete salary to bank account by monthly . Recently i joined a new ...
1
vote
1answer
95 views

Is there an upper limit for money that an expat can keep in his US bank account?

I am a neither a permanent resident nor a US citizen. I have a bank account with a leading US bank which I use as my salary account. Income taxes are deducted at source. I know that I need to submit ...
2
votes
1answer
186 views

What is the rationale for a separate “National Insurance” tax in the UK?

In the UK there's a type of income tax called "National Insurance", similar to regular income tax. http://www.hmrc.gov.uk/ni/ What is the rationale for having this separate income tax? How does it ...
15
votes
7answers
4k 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 ...
3
votes
1answer
108 views

How are 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
95 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 ...
7
votes
3answers
428 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
178 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
302 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
251 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 ...
3
votes
1answer
484 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
290 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
92 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
904 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
175 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
579 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?
11
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 ...
8
votes
4answers
661 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 ...
3
votes
2answers
2k 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 ...
3
votes
2answers
605 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
119 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
19k 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 ...
2
votes
2answers
511 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
805 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
255 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
1k 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
3answers
294 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
967 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 ...