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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 amounts.

79
votes
22answers
22k views

Why would you ever turn down a raise in salary?

Related to a comment on this question: Is it true that Income Tax was created to finance troops for World War I? Does it ever make financial sense to turn down a raise at your job? It was mentioned ...
68
votes
8answers
22k views

Company stopped paying my salary. What are my options?

UPDATE 3: The firm is likely lying to us and going up declare bankruptcy on May 15 after moving money out of the country. Asked advice here: https://law.stackexchange.com/questions/40917/want-to-sue-...
41
votes
12answers
17k views

How to manage monthly salary

I am a 22-y/o guy starting my first job. I am interested to know how I should manage my monthly expenses. Keeping in mind that I need to pay for my rented apartment, food, water, etc., save money for ...
40
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, ...
31
votes
6answers
40k views

Why do consultants or contractors make more money than employees?

Why do consultants or contractors make more money than employees?
29
votes
6answers
6k 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 ...
23
votes
5answers
5k 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 ...
19
votes
5answers
7k views

What percent of my salary should I save?

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 ...
19
votes
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) ...
18
votes
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 ...
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. ...
17
votes
7answers
6k 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 ...
17
votes
2answers
3k views

What's the proper way to negotiate a job offer's salary?

Say I receive an offer letter from a potential employer. They state clearly the offered salary, and I have a good idea how to value the benefits. With all that, it's less than I'd like. How can I ...
16
votes
1answer
1k 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 ...
15
votes
11answers
13k views

In the U.S., do you get paid for vacation days untaken when you leave a job?

In the U.S., do you get paid for vacation days untaken when you leave a job?
15
votes
12answers
17k 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 ...
15
votes
4answers
11k 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 ...
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 ...
13
votes
4answers
2k views

How much is inflation?

I'm sure it's different every year (and may even differ by country?), but surely there must be a minimum increase salaried workers would have to earn in order to simply break-even, relative to the ...
12
votes
3answers
11k views

How much would be a fair raise or salary increase to ask for at work?

I have not got a raise at work for some time - almost two years - and I think I am due. I did not ask during the crisis because other companies were laying off, etc. Mine didn't lay off, we actually ...
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 ...
11
votes
1answer
1k views

Why might Social Security employee deductions from paycheck vary across pay periods?

What percentage of salary deducts for an employee's Social Security contribution? And why will there be a difference in % deducted? My salary statement for October and September 2015 has the same ...
11
votes
3answers
2k views

What is a reasonable salary for the owner and sole member of a small S-Corp?

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 ...
10
votes
4answers
2k 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 ...
10
votes
2answers
21k 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 ...
9
votes
2answers
1k views

Does it make sense to take a lower salary so I can still contribute to a Roth IRA?

Would it ever make sense to take a lower salary in order to contribute fully to a Roth IRA? This is probably very circumstantial, so let's assume: I'm not in debt and have no other obligations (...
9
votes
1answer
1k 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 ...
8
votes
3answers
2k 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 ...
8
votes
2answers
1k views

Working at same place 2 years & my colleagues got a salary increase but I didn't. Should I ask my boss why?

I have worked at a doctors practice for two years. Some of my collegues have made a year working in this practice, but they have increased their salary. I didn't get an increase when they did. What ...
8
votes
3answers
2k 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 ...
8
votes
6answers
3k 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 ...
7
votes
6answers
1k views

How do I build wealth? [closed]

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 ...
7
votes
3answers
56k 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 $...
7
votes
1answer
445 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 ...
7
votes
3answers
14k 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 counter-...
7
votes
3answers
406 views

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

I paid myself from my 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 ...
7
votes
1answer
462 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, your income ...
6
votes
4answers
60k 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 ...
6
votes
4answers
340 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 ...
6
votes
1answer
8k views

Received W-2 but was never paid

I just now received a W-2 from a company that I worked for 3 days as a contractor. I had to leave country for 2 months due to a family emergency. Since the employment duration was very short, I was ...
6
votes
2answers
347 views

When negotiating a compensation package with a prospective new employer, how can I determine what element is worth more?

i.e. is there a way to "normalize" value and future-value of compensation components such as: annual bonus, commission, pension contribution, health benefits, vacation days, company car, etc. so that ...
5
votes
6answers
1k views

Changing jobs as a strategy to build a good income?

In most professions, it seems that when you change jobs, you are eligible for a pay hike (at least up to a certain ceiling amount). My questions are: Is this a viable long term strategy to become ...
5
votes
5answers
531 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. ...
5
votes
2answers
28k 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 ...
5
votes
2answers
3k views

Net salary in Germany for programmers

I got an offers as a freelancer to work from Germany (the company is not German but I will live in Germany when I'll work for them). Since I'll be a freelancer in need to give them an hourly rate for ...
5
votes
3answers
250 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 ...
5
votes
3answers
14k 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 ...
5
votes
2answers
453 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 ...
5
votes
1answer
402 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 ...
5
votes
3answers
393 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 ...