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Questions tagged [salary]

Questions related to periodic income earned through employment, especially in predefined amounts such as might be stipulated in a contract. This tag should be used in contrast to questions about wages, which are typically earned at a defined *rate* per time period rather than in defined total ...

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1answer
79 views

How do I calculate annual salary in case of salary split in a single month?

I am building a payroll system. My problem is if the employee's salary changes twice or thrice in a same month. If the: 1st period is x 2nd period is y then can I say annual income from 1st period ...
-2
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0answers
39 views

How can I measure the “impact” (profitability) of an employee on the performance of the whole company? [on hold]

I have in mind to create a big project, a company with a different economic model and anti-pyramidal economic scheme. Where the capital is distributed in a better way for all (including the most "...
1
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2answers
126 views

What to do when a good job offer is made with good salary but we are confused about salary?

Last week I got a job offer from the place where I was interviewed for a position as civil engineer. I have been informed that I will receive a monthly salary of RS 50,000. I will have not have to ...
2
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0answers
65 views

Stock Options in Exchange for Salary

I received an offer letter with with the option to convert part of the salary to stock options as per the below table. Base salary is ₪33K/month (Israeli Shekel). Be aware of '₪' vs '$' in some ...
19
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2answers
7k views

Job offer in Sweden: Confused about the salary breakdown

I have received a job offer in Stockholm for a Software Engineering position and have had a verbal discussion about the same. What I have been informed is that I will receive 31000 krona (after tax) ...
0
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2answers
199 views

Funding a company launch

I live in Canada and I'm planning to start a company. My question is not about the Business Plan, the initial funds needed or how to hit the market and make money. I currently have a relatively good ...
2
votes
1answer
106 views

Need help negotiating a salary agreement with my boss [closed]

I'm a college student who is interning at a startup company. My job as an intern is to help redesign and launch an app, so that it runs on Android as well as iOS. When I signed up for the job I was ...
2
votes
1answer
69 views

UK Contractor (Limited company) - How to manage payroll when still deciding annual salary

I'm a director of a UK limited company and working as a contractor, and my contract is due to end in December. For the rest of the tax year I still don't know whether I'll then start a new contract ...
1
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3answers
255 views

Can I be hired with a flexible hourly wage?

Question Is there such a thing as hiring someone at a minimum hourly wage and then offering additional pay based on a factor? Alternative Question Could this be done legally (from a US tax ...
5
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2answers
282 views

Calculating salary loss from inflation

When it comes to inflation, I simply know that it is an increase in prices that results in a fall of the currency's value. I'd like to apply this to wages in a workplace that has not provided a pay ...
1
vote
3answers
182 views

Paying salary to a shareholder when the business has no revenue

I'm trying to learn about financial statements and taxes in Canada. And I'm curious if I understood something correctly when a business has zero revenue, but still pays the sole share holder a salary....
1
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2answers
66 views

Calculating PAYE tax and NIC contributions on two different bands of income in the UK

My data (United Kingdom specific) : March - NI Rate A and Tax Code 1150L IN: Gross Salary 2250 OUT: PAYE Tax 0.00 NIC 183.0 April - NI Rate A and Tax Code 1185L IN: Gross Salary 2250 Gross ...
1
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1answer
101 views

Do I need to pay myself as a director if I also have a full-time job?

I am a director (one of two directors) of a private Ltd. company that carries out web development work. I also have a full-time job during the week but do the web development in the evenings and ...
0
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2answers
46 views

GBP salary figure quoted but paid at open market rate in local Rs in Pakistan bank account

GBP salary figure quoted but paid at open market rate in local Rs in Pakistan bank account. Do I lose out when considering my salary initial figure quoed in GBP but then received in Rs local currency ...
1
vote
1answer
46 views

I need help understanding what 'net of required taxes' means

In this contract what does net of mean? is it the amount after or before taxes? Award – Cash awarded to a Participant under the Program, net of all required federal and state withholding taxes, due ...
1
vote
1answer
95 views

Not getting my wire transfer till 15 days

My money is not credited where my office is released the money on 4th Jan. Its exactly 12 working days gone but still I am not sure what is the problem. It is a wire transfer from Israel to India ...
2
votes
1answer
55 views

What considerations to take when comparing rates for hourly contracting vs. annual salaried employment

This is NOT a duplicate of: Calculate hourly wage from annual salary offer? - that's about whether the employment salary is calculated hourly/daily/annually/whatever. Currently I do a task for a ...
1
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1answer
517 views

Is it better to deposit your salary into you checking or savings account? [closed]

What are the pros and cons of having a direct deposit from a paycheck going into a checking account vs. a savings account?
4
votes
1answer
149 views

Best way to pay myself from my company when my marginal tax rate is higher than the company tax rate?

I'm working as an IT contractor in Australia and I'm about to move from a sole trader model to a Ltd company. I'm trying to work out the most tax effective way of paying myself in my own company, for ...
14
votes
1answer
4k views

Overpaid by employer, will I lose out on my income tax allowance?

My employer overpaid me by a significant percentage of my salary and so I need to repay the money. Obviously I don't want to lose out on the income tax allowance for this tax year. How can I make ...
2
votes
0answers
78 views

What should I consider when claiming relocation expenses in a particular year?

I recently changed jobs with my employer offering relocation assistance as part of the compensation package. I have up to a year to claim the relocation expenses, which consist of the usual items: ...
0
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2answers
1k views

Calculating Compounded Salary Increase Percentage with Multiple Years and Durations

I am trying to calculate the cumulative salary increase across 10 years. The issue is that some union members received raises multiple times a year, and other years they received no raises. I am ...
4
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3answers
323 views

Salary expectations without degree

I work in automated materials handling, mainly in high level computer controls. Java applications, oracle databases and such; but also down to mechanical and controllers to a lesser extent. For ...
2
votes
2answers
460 views

India : Tax on bonus amount

My current employer is giving me a bonus which I may be required to return in the future when I change companies based on a bond agreement of a certain tenure. Is accepting the bonus amount and then ...
2
votes
2answers
334 views

Salaries updated for inflation

If annual salary increase percentages are less than inflation doesn't that mean that each year is financially tougher than the last?
18
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5answers
11k views

How are people able to spend more than what they make, without going into debt?

Jeff Bezos reportedly surpassed Bill Gates as the wealthiest person in the world, at least, for a while. But in 2016, it was reported that he had a salary of around $80,000, but obviously his wealth ...
4
votes
1answer
96 views

Is insurance compensation for lost wages taxable (in the U.S.)?

Recently I was involved in an automobile accident. I missed some time from work and now have to take time off to go to physical therapy. Injury coverage from the auto insurance is compensating me for ...
39
votes
4answers
13k views

Is a higher salary worth not having a 401(k)?

An individual recently got offered a job that paid significantly more than what she is making now (more than $18k - which is the maximum 401(k) contribution). She currently makes $30k a year. However, ...
0
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1answer
136 views

I didn't fill out my direct deposit in time for my first paycheck: what will happen?

I was just rehired by a company I had previously worked for. I was not required to fill out another W-4, and did not even give a thought to direct deposit, as no one mentioned it being required. In ...
2
votes
1answer
120 views

Extension: Can I negotiate original offer if I have other offer from different company?

This question is a direct and specific extension of this question that I had posted few days ago and received very good suggestions. Now I have an offer from another company worth $(X+10)k but I am ...
2
votes
1answer
234 views

How to decide whether to receive salary in USD or CHF?

I have to choose the currency (USD or CHF) in which I will receive payments for my work in the period of 1 year. I live in Poland, I'm software developer in a startup for a company in Switzerland. ...
4
votes
1answer
129 views

Evaluating worth of ESPP (Startup)

I got an entry offer for an Engineering position: base salary 90K/y at a start up (around 50 employees, got good funding during the last year). The package includes an ESPP for 6000 stocks (1 year ...
11
votes
5answers
3k views

Can I negotiate job salary after mentioning my desired range over phone with recruiter?

After a lot of interview rounds and a lengthy process for a tech job I applied, I got a phone call from the recruiter that they'd like to offer me the role. Over the phone, she asked me they are ...
2
votes
1answer
387 views

Is it violation of labor law if W-2 salary is greater than LCA

I am IT contractor working for Consulting company. I work at a client location, my pay depends on what the client will pay to my employer. Of course I and my employer have an agreement that I should ...
1
vote
1answer
107 views

Independent contractor rates for web development

I've worked at full time salaried positions my entire working career so far as a web developer. I'm now transitioning to a part time position working on projects for a 2-person agency (they find ...
4
votes
2answers
296 views

My first pay had taxes withheld. How to get the personal allowance for income tax?

I paid tax on my first paycheck in the UK. However, I am a resident and am from an EEA country, so the personal allowance should apply to me, but I paid 100 pounds of my 545 pound pay in tax. Is ...
14
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12answers
15k views

Is it a good practice to keep salary account and savings account separate?

I read somewhere that salary account should be restricted to only receiving salaries and any spending, personal or otherwise should be carried out from your savings account. I am not able to find the ...
0
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1answer
188 views

What are pros/cons of having 401K contribution taken out of retro pay?

I am due retro pay for 6 month at my workplace. It is about two thousand. I was asked if I want my 401K contribution taken out of my retro pay. What does that mean for me? Will it be more money ...
0
votes
1answer
193 views

What's the meaning of this benefit in my contract?

I'm new to this site. I'm not sure it's the right place to ask my question, at least there is a 'salary tag' here. I am invited to work abroad in a restaurant as a Sushi chef for two years. There's a ...
1
vote
3answers
434 views

How much should be withheld from my paycheck?

I'm currently working as a Software Engineer and I was worried because my withholding amounts seemed to have changed in between last year and this year. I started at my company on December 12, and I ...
1
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2answers
308 views

Calculating Income After tax

I'm trying to determine how much income I will have after tax in the US, assuming only federal taxes. My calculations are as follows. I start off with $75,000, take a standard deduction of $6,300, ...
1
vote
2answers
377 views

Who knows exactly how much I earn?

I reside in UK and I am full time employee. I came across a job that bases new employees salary on the old one. I also have been told that I will have my credit checked if I were made an offer. The ...
5
votes
2answers
225 views

How do I estimate the value of employer-provided job benefits, for comparing compensation?

I'm trying to put a number on the benefits (health insurance, dental insurance, 401k match, etc). that my job provides. I'm looking at a career move and would like a total compensation number for ...
17
votes
2answers
2k views

Employer skipped payments, should I allow them to defer payment until Jan 2017?

Recently my employer failed to pay me for 3 consecutive pay periods. This is being corrected but they do not want to cut a check but instead provide one lump sum along with January's first payment. ...
1
vote
3answers
270 views

Why are some wage taxes officially paid by the employer, even though they're really paid by the employee?

My current salary is taxed at two levels: first, the employer has to pay a certain number of taxes on my wages. The rest of the money is then considered to be my salary and I pay other taxes (social ...
3
votes
2answers
243 views

Salary raise: before or after the spin-off / investment?

I have not much experience in dealing with shares, startups and spin-offs and hope for some advice. I work for a company as an "intrapreneur" for my own project but for a salary like a normal employee....
5
votes
3answers
217 views

How to manage paying expenses when moving to a weekly pay schedule and with a pay increase?

I'm terrible at managing my money. This is likely the cause for this entire issue. I'm being moved from a bi-weekly (1st and 15th of the month) pay schedule, to a weekly pay schedule. At the same ...
2
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0answers
46 views

Working overseas - Paid locally or USA?

I will be working in Indonesia but for an American company. They can pay me directly in Indonesia or in USA. I asked if they can split my salary between two payments (part to USA, part to Indonesia) ...
2
votes
3answers
9k views

Would I make more if paid weekly instead of monthly? [duplicate]

If my paycheck for my first week looked like this: Period Start 7/1/2016 Period End 7/31/2016 Total Hours 40 Net Pay $1,419.32 And, if my paycheck for my first month looked like this: Period ...
0
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1answer
297 views

Good percentage to get for the basic component of your salary

I read quite a bit about how basic pay component being high or low impacts take home and benefits: Higher basic pay component benefits in long term in terms of PF, Gratuity and other benefits ...