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 amounts.

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Demystifying LTA: Monthly Component and Travel Block Limitations

my salary slip shows a monthly LTA component, but the block period allows only 2 trips in 4 years (2022-2025). Only 1 trip, in a financial year, can be claimed I guess. What does this monthly limit ...
InvestInYourFuture's user avatar
-4 votes
1 answer
116 views

What's the best website to get the average base salaries for software developers? [closed]

I think Payscale seems to be the most accurate. For a senior developer in Canada, they claim that the median base salary is 100k in Montreal, which seems in line with what I see on online job boards ...
Sayaman's user avatar
  • 199
15 votes
9 answers
5k views

What to spend money on after getting first good job? [duplicate]

I've finally gotten a good job after several years of searching after I graduated uni. I'm making 80k starting and it's bound to go up (I think) since it's in software/engineering. I'm honestly at a ...
Uguu's user avatar
  • 151
0 votes
1 answer
257 views

How can I decide how much I should charge for dog sitting in a month?

The title asks for itself. Google gives a good number of resources (https://pawsathomecare.com/blog/pet-sitter-rates/) but I have never done this, and I haven't found articles for hobby dog sitters ...
Lacie's user avatar
  • 169
1 vote
0 answers
39 views

Question on ratio of median renumeration in balance sheet/Question on median salary of a company/ratio of median renumeration in annual report

Consider below Annual report of an company for the year 2021-22 https://on.tcs.com/Annual-Report-2022 In this report on page 89 we have data on "Ratio to median remuneration for all board members&...
sakeesh's user avatar
  • 111
1 vote
2 answers
104 views

May an S Corp defer paying any distribution or salary its first year?

May an S Corp (with revenue) defer any kind of salary or distribution in its first year, if the S-corp had only recently been formed in the last quarter? If for example, it would be more beneficial to ...
number41's user avatar
  • 153
0 votes
1 answer
105 views

How to Pay Yourself a Salary in a Single Member S-Corp with Inconsistent Income

It seems a requirement of a single-member S-Corp is to pay one's self a "salary" - suggesting a weekly or bi-weekly payment that amounts to a pre-determined figure at year's end - but in a ...
number41's user avatar
  • 153
3 votes
1 answer
562 views

Received more net pay than it states on my payslips, no visible deductions sent to HMRC on the extra income I received - what to do?

I started a new job on the 26th of September, 2022 for an annual salary of £55,000. Working 09:00 - 17:30, 5 days a week. My monthly gross salary is: £4,583.33 I have a student loan, repayment plan 2. ...
nopassport1's user avatar
8 votes
4 answers
4k views

How can a bank make it possible for their customers to get their salary up to two days in advance?

I read on https://blog.revolut.com/revolut-launch-united-states/: U.S. customers will be able to get their salary up to two days in advance via direct deposit at no cost. How can a bank make it ...
Franck Dernoncourt's user avatar
2 votes
2 answers
327 views

How to interpret the salary in this job offer

I received a job offer from an Australian company. In the offer, it states: "Details of the Offer: $108k Salary Package (AUD); Including super, plus quarterly bonus." How do I interpret this?...
olivinethecat's user avatar
14 votes
3 answers
10k views

No taxes were taken out of my paycheck. Is this a mistake? [duplicate]

I've started my first job on the 18th of August and got my first pay slip today (September+ part of August). I've noticed that the salary was tax free. I wonder if that's a mistake and there will be ...
Maria's user avatar
  • 141
18 votes
4 answers
6k views

How to Convert UK Income Levels to USA Income Levels

I'm graduating with a PhD soon in the UK and now I'm trying to figure out how much I am worth in the workforce & see higher wages in the USA. I don't know if the numbers are adjusted for things ...
KryptoKing's user avatar
0 votes
1 answer
77 views

Will weekly paychecks be reduced after taking FMLA leave?

My wife works as a US public school teacher. She took several months off for maternity leave. Because she only had a month of paid sick leave accumulated, 6 weeks went unpaid. The workplace simply ...
Village's user avatar
  • 2,787
1 vote
0 answers
56 views

Deducing purchasing power equivalent salaries under tax between two countries

I am trying to figure out how to compute the equivalent salary in a country B given a salary in a country A by taking into account purchasing power parity and tax rates in both countries. The ...
lo tolmencre's user avatar
0 votes
1 answer
55 views

When filing form 2553 to elect S Corp taxation for an LLC that I own, how do I pay myself while waiting for form 2553 to be approved by the IRS?

For example, let’s say I file form 2553 in February to elect S Corp status for my LLC with a retroactive start date of January 1 of the same year. The IRS may take two months to review form 2553, and ...
Leo Galleguillos's user avatar
-1 votes
1 answer
306 views

Time of resignation and impact on pay if paid bi-weekly instead of bi-monthly

My company has just switched from bi-monthly pay to bi-weekly. The result is that for the first few months of this year, we are actually paid less than for later months in the year. I of course ...
Georgie's user avatar
0 votes
0 answers
113 views

How to evaluate equity requirement for a stealth startup?

I was asked for salary expectations at a stealth startup. How to go about deciding on the amount of equity when there is no information on their numbers (sales, valuation, etc.) online?
rahs's user avatar
  • 353
1 vote
1 answer
93 views

Calculate total NET payment with overtime hours in a partial month

I am trying to learn how to calculate the NET payment for a partial month and the overtime (net and gross) based on some random payments and facts I found from the past. I got stuck with a specific ...
Datacrawler's user avatar
0 votes
1 answer
118 views

Do you receive salary when you are a contractor?

A company does not receive salary. As a contractor, the company you own gets paid from the company you work for. Therefore you do not receive salary. If you are an employee for a company (not a ...
user113260's user avatar
3 votes
4 answers
392 views

Why would someone argue that stock options are a better form of compensation?

I'm reading How Google Works by Jonathan Rosenberg & Eric Schmidt. In the Talent - Hiring is the most important thing you do chapter, the authors briefly pause the management topics to give career ...
embedded_dev's user avatar
  • 1,171
2 votes
1 answer
189 views

In the UK, from where does your employer take the money to put it into your pension scheme?

I have been reading about the UK workplace pensions schemes but I don't understand them very well. What I have read is that you can choose an amount of money, which is taken from your gross salary, ...
Martel's user avatar
  • 1,241
0 votes
1 answer
90 views

How are salaries calculated for holidays falling during maternity leave?

My wife has taken maternity leave. She is a salaried, tenured public school teacher, but surprisingly the workplace does not offer maternity leave pay. She had a few weeks of sick leave accumulated, ...
Village's user avatar
  • 2,787
-2 votes
1 answer
105 views

Are businesses required to pay more than a specified minimum wage in respect to each job title in US? [closed]

Are there any laws about the businesses that mandates them to pay at least a minimum specified wage to their employees? I mean something like: A CEO should at least has $5k/month, or an engineer ...
GoodMan's user avatar
  • 140
1 vote
2 answers
237 views

Potential job offer where I would have to buy a car to use. How to calculate if it's worth it?

I am expecting a job offer for what is basically a delivery driver position. I would be using my own vehicle. There had been talk about getting reimbursed for mileage but now it's going to be a flat ...
user39743's user avatar
3 votes
2 answers
241 views

How can I calculate which country has the best wage to living expense ratio?

Suppose, I have the following data in my hand: PPP Index Cost Index Monthly income tax rate living expense etc. How can I calculate which country has the best wage to living expense ratio?
user366312's user avatar
3 votes
3 answers
453 views

Salary after all restricted stock units have been vested

I am a German and got a job offer from a US company. This is the first time a company offers me a salary and restricted stock units (RSU). German companies usually do not grant RSU for non-senior ...
spickermann's user avatar
1 vote
1 answer
93 views

To receive payments from a US company, do you need to start a LLC/PVT in India?

A person, let's say "X" got an offer from a US company as a Consultant. X lives in India. To receive payments from US company, does X need to start a LLC/PVT in India? How can X receive ...
Venkataramana Madugula's user avatar
2 votes
1 answer
977 views

Can Salary sacrifice be used for Environmental projects

I am looking into my company's response to sustainability demands. Amongst many other ideas, it was suggested that the company help with funding employees' environmental projects. These could range ...
A Paul Savage's user avatar
3 votes
1 answer
121 views

Rough estimate of salary as freelancer equivalent to permanent [closed]

I have always worked as a permanent employee, but with so many companies working fully remote I am considering switching jobs. The thing is that most of the companies I am looking at are based in ...
antonro's user avatar
  • 131
0 votes
1 answer
161 views

How do I merge deposits to Checking/Savings into a split transaction for Salary in GnuCash?

I just started using GnuCash for personal use and am just as new to accounting, other than some college courses decades ago. I am able to import Checking and Savings transactions from my credit union (...
Akaitatsu's user avatar
0 votes
1 answer
60 views

Price adjustment in 4-6 year contract

I am from Latin America, I have recently formed a software factory. I am about to make my first important contract with a European company and I need to make a projection of the variation of salaries ...
user60108's user avatar
  • 101
1 vote
0 answers
56 views

Help on calculating national insurance obligations as a director of a UK based limited company

For the Jan 2020 to Jan 2021 I was working and being paid in the US. All tax etc. was paid in the US. I came back to the UK and started a business - a limited company where I am director and only ...
CiaranWelsh's user avatar
18 votes
6 answers
7k views

Are there any downsides to having a bigger salary rather than a bonus?

My company has consistently given out bonuses for the past few years and the bonuses have been gradually rising each year. Currently the bonuses are around 15-20% of my annual salary. I spoke to my ...
Jsk's user avatar
  • 1,658
3 votes
0 answers
68 views

Is personal allowance used up by being paid in America?

I have just started a limited company in the uk and I’ve been contracting my services since jan 1st 2021. Previously I was being paid by an American company. All tax etc. was done in America and I was ...
CiaranWelsh's user avatar
1 vote
2 answers
203 views

To the employer, is equity more or less expensive than payroll?

I work for a company that compensates employees with low base salary and a bit higher than average equity. My question is, how much more expensive is paying an employee equity vs standard salary? How ...
Pants's user avatar
  • 111
3 votes
0 answers
68 views

How to negotiate at your current company? [closed]

What advice does money.stackexchange have for those looking to negotiate within their own company? Last time I was on here I was in pretty bad shape financially. I had just lost my job after not ...
Scott Skiles's user avatar
  • 1,193
33 votes
12 answers
10k views

How can I break the cycle of taking on more debt to pay the rates for debt I already have?

I'm 30, married, and have a 1.5-year-old daughter. My monthly on-hand income is 71,000 ₹ (INR). These are my monthly expenses: Home loan: 18,428 (Loan amount: 18,50,000. Number of EMI pending: 150. ...
private's user avatar
  • 455
1 vote
1 answer
29 views

Foreign National has Resident Account in Indian and transfer money overseas

I am an expat working in India, my salary is paid to my Resident savings account. How do i remit my salary to my wife in Singapore for the family's maintenance? The bank made a mistake and opened a ...
Ramalingam S's user avatar
3 votes
1 answer
171 views

How do I prepare for a potential furlough on my salary?

Today I heard a rumor in the office that we might be seeing a salary furlough coming within the next few months. Normally I don't pay much attention to the rumor mill, but this rumor has some ...
Zibbobz's user avatar
  • 4,374
2 votes
0 answers
163 views

What happens to wages when you go bankrupt? (England)

I am having a difficult time keeping up with my payments during the pandemic after being furloughed since March. I have contacted StepChange and they have advised me that the best course of action for ...
bbface's user avatar
  • 21
0 votes
2 answers
5k views

First semi monthly paycheck not adding up to Gross salary

I received my first pay-check, and I dont think the details are adding up. Yearly salary: $85000 Semi-monthly salary expectation, before tax: $3541.67 Actual salary received before tax: $2897.73 After ...
harveyslash's user avatar
3 votes
1 answer
387 views

How to save as much money as possible from my salary? [duplicate]

I have 10 months of work, which's my first work experience, and during this period I haven't saved anything in my bank account. I spend all of my salary on rent, which represents 32% of it and the ...
Mehrez Kanzari's user avatar
0 votes
1 answer
57 views

liquidation preference and other loop holes when joining startups who offer equity

There are lots of startups that want to provide equity in exchange for labor rather than a salary or a combination of both. Reading online it seems there are a ton of loopholes where I may not get ...
Jackson's user avatar
  • 195
-1 votes
2 answers
382 views

Is it possible to have a one-cent-per-year salary in the United States?

I'm aware of several people (mirror) earning in a one-dollar salary, and I'm not aware of anyone earning in a one-cent salary. Is it possible to have a one-cent-per-year salary in the United States? I ...
Franck Dernoncourt's user avatar
9 votes
1 answer
8k views

What does an L mean at the end of the salary in India?

In the following job ad in India, what does the L mean at the end of the number? Expert level Data Engineer Bengaluru ₹15L – ₹20L
davidjhp's user avatar
  • 231
1 vote
1 answer
359 views

Advice with CTC (Fresher)

What would be the in-hand salary for the CTC 8.4 lakhs (breakup attached in link)? Are they just ballooning up the figure? What would be some reasonable points to discuss with them before I accept ...
Rajat's user avatar
  • 11
0 votes
1 answer
82 views

Supposing the same amount, has a contractor the same cost (6K + VAT) of a employee (6K) for a company?

If you are a employee, supposing a gross salary of 6000 gbp for 12 months, excluding taxes and NI, you could earn monthly about 4200 gbp (according with a tax calculator https://www.moneysavingexpert....
Luke's user avatar
  • 1
1 vote
2 answers
59 views

Health Insurance + Salary Calculations

Whats a good percentage of my salary to set aside for health insurance in California? I'm currently looking into a new job which doesn't offer healthcare or dental so I'm trying to figure out how my ...
T. Thomas's user avatar
  • 383
1 vote
1 answer
132 views

What's a good way to start salary negotiation?

Whether you look for a job, or get head hunted, eventually, you're asked how much money you want for the position. If you state a figure, you'll either get kicked out because it's too high, or you ...
chuacw's user avatar
  • 111
0 votes
1 answer
87 views

Optimum Location for Working [closed]

In general, which state and/or city in the United States has the best combination of income tax rate, living expenses, and working wage? When people talk about optimal conditions, a state without ...
jros's user avatar
  • 132

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