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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-4 votes
1 answer
108 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 ...
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 ...
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 ...
9 votes
1 answer
7k 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
2 votes
1 answer
933 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 ...
1 vote
0 answers
37 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&...
1 vote
2 answers
62 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 ...
0 votes
1 answer
86 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 ...
5 votes
1 answer
12k 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? http://www.glassdoor.com/Salaries/california-...
3 votes
1 answer
374 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. ...
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 ...
18 votes
4 answers
5k 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 ...
2 votes
2 answers
322 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?...
14 votes
3 answers
8k 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 ...
11 votes
1 answer
726 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 ...
0 votes
1 answer
75 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 ...
34 votes
12 answers
9k 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. ...
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 ...
1 vote
0 answers
55 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 ...
0 votes
1 answer
43 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 ...
-1 votes
1 answer
215 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 ...
1 vote
1 answer
79 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 ...
0 votes
0 answers
106 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?
0 votes
1 answer
107 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 ...
3 votes
4 answers
345 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 ...
1 vote
2 answers
220 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 ...
2 votes
1 answer
155 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, ...
0 votes
1 answer
89 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, ...
-2 votes
1 answer
103 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 ...
5 votes
1 answer
49k 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 ...
16 votes
11 answers
14k 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?
3 votes
2 answers
237 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?
3 votes
3 answers
360 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 ...
3 votes
1 answer
120 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 ...
0 votes
1 answer
146 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 (...
82 votes
22 answers
28k 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 ...
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 ...
-1 votes
1 answer
290 views

Guidance of Offered Salary with Mandatory Expenses - Gothenburg

I have 6.9 years of experience in IT industry and 6.6 years of experience in DEVOPS skills which includes automation of deployment, Jenkins, Artifactory, Ansible, Artifactory, Dockerization and ...
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 ...
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 ...
3 votes
0 answers
67 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 ...
1 vote
2 answers
188 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 ...
17 votes
2 answers
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. ...
3 votes
0 answers
67 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 ...
1 vote
1 answer
337 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 ...
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 ...
3 votes
1 answer
169 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 ...
2 votes
0 answers
160 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 ...
1 vote
2 answers
320 views

Would a Senior Frontend Developer salary in Poland of 9950 - 14920 PLN be a monthly or yearly salary?

A company in Wrocław Poland advertises a job of Senior Frontend Developer for a salary of "9 950 - 14 920 PLN gross on an employment contract (UoP)" https://www.monterail.com/careers/senior-...
0 votes
2 answers
4k 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 ...

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