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.
234
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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 ...
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81
votes
8
answers
24k
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Company stopped paying my salary. What are my options?
UPDATE 4: I'd be remiss if I didn't update this post with the outcome: I was able to recover about 1.5x lost wages (after employment attorney fees). The advice below I followed included: (1) finding ...
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43
votes
12
answers
19k
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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 ...
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40
votes
4
answers
15k
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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, ...
- 10.2k
34
votes
12
answers
9k
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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. ...
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32
votes
6
answers
44k
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Why do consultants or contractors make more money than employees?
Why do consultants or contractors make more money than employees?
user454
31
votes
6
answers
7k
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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 ...
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28
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3
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50k job is offering 90k worth of shares. Scam?
This was a job posting on Linkedin, in the software industry.
The rules are that you can sell up to 30k per year. But the job offers 50k (GBP) and it seems that offering shares greatly in excess of ...
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23
votes
5
answers
6k
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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 ...
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20
votes
3
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8k
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How to protect an employee's wages before the company declares bankruptcy? [duplicate]
I work for a company which is behind on my salary.
The company might file for bankruptcy: how do I claim my salary before then?
This question is different from other postings. We are discussing how ...
- 1,117
19
votes
5
answers
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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 ...
- 10.2k
19
votes
5
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7k
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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 ...
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19
votes
2
answers
8k
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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) ...
- 291
19
votes
7
answers
6k
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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 ...
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18
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6
answers
7k
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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 ...
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18
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4
answers
5k
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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 ...
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18
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2
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4k
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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 ...
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17
votes
2
answers
2k
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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. ...
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17
votes
1
answer
1k
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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 ...
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16
votes
11
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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?
user454
15
votes
12
answers
22k
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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 ...
user1956
15
votes
9
answers
5k
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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 ...
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15
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4
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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 ...
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14
votes
3
answers
8k
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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 ...
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14
votes
1
answer
4k
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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 ...
user13894
13
votes
4
answers
2k
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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 ...
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13
votes
3
answers
12k
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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 ...
anonymous
12
votes
3
answers
2k
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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 ...
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11
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5
answers
4k
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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 ...
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11
votes
1
answer
1k
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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 ...
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11
votes
1
answer
1k
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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 ...
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11
votes
1
answer
726
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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 ...
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10
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4
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4k
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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 ...
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10
votes
2
answers
22k
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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 ...
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2
answers
1k
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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 (...
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9
votes
3
answers
3k
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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 ...
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9
votes
1
answer
7k
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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
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votes
3
answers
2k
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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 ...
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votes
6
answers
2k
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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 ...
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8
votes
4
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4k
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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 ...
- 11.2k
8
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2
answers
1k
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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 ...
tshepiso
8
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6
answers
4k
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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 ...
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7
votes
3
answers
57k
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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 $...
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7
votes
1
answer
553
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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 ...
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7
votes
3
answers
17k
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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-...
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3
answers
512
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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 ...
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6
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4
answers
72k
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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 ...
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6
votes
4
answers
387
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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 ...
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6
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2
answers
4k
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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 ...
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6
votes
1
answer
13k
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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 ...
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