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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40 votes
4 answers
15k 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, ...
Michael's user avatar
  • 10.2k
0 votes
1 answer
489 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 ...
tpm900's user avatar
  • 487
2 votes
1 answer
176 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 ...
qrius's user avatar
  • 549
2 votes
1 answer
388 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. ...
user avatar
3 votes
1 answer
225 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 ...
user57732's user avatar
11 votes
5 answers
4k 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 ...
qrius's user avatar
  • 549
2 votes
1 answer
1k 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 ...
user2683098's user avatar
1 vote
1 answer
269 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 ...
user3871's user avatar
  • 135
4 votes
2 answers
332 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 ...
Einar Jóhann Valsson's user avatar
15 votes
12 answers
22k 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 ...
user avatar
0 votes
1 answer
458 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 ...
dennismv's user avatar
  • 103
0 votes
1 answer
202 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 ...
Vahn's user avatar
  • 101
1 vote
3 answers
921 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 ...
user1066886's user avatar
1 vote
2 answers
466 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, ...
ez4nick's user avatar
  • 113
1 vote
2 answers
399 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 ...
Jon's user avatar
  • 19
4 votes
2 answers
260 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 ...
T. Thomas's user avatar
  • 383
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. ...
user51514's user avatar
  • 175
1 vote
3 answers
394 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 ...
JonathanReez's user avatar
  • 5,832
2 votes
2 answers
590 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....
Tim Johnson's user avatar
5 votes
3 answers
299 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 ...
user avatar
2 votes
0 answers
52 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) ...
Kenka's user avatar
  • 21
1 vote
3 answers
16k 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 ...
user1477388's user avatar
0 votes
1 answer
349 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 ...
Viral Patel's user avatar
0 votes
1 answer
425 views

Can anyone help me figure out what my monthly take-home salary will be?

I am a young software engineer in India, I was told that my annual CTC would be 700000(annual CTC) + 50000(joining bonus) Basic Salary: 23333 per month Flexible Benefit Plan:372932 annually ...
Sumeet's user avatar
  • 123
1 vote
0 answers
65 views

Salary and taxes for first time workers [duplicate]

I'm really hoping you could help me understand the taxes and what will be my net salary. I've started to work for the first time in the UK on May the 9th 2016. My income will be 26000/year (gross). I'...
marta's user avatar
  • 11
-1 votes
1 answer
869 views

How to calculate take home salary in Sacramento, California? [duplicate]

How can I calculate my take home pay in Sacramento area in California? I have an offer of USD 95,000 per year in Sacramento. After searching multiple sites for tax calculations, I understood that it ...
Srikanth's user avatar
  • 101
0 votes
1 answer
206 views

should I sue my employer [closed]

I resigned from my last position after working for two months and here is the payment related scenario: Initially employer agreed on X amount per month salary. I worked for 21 days in month M1 and 30 ...
John's user avatar
  • 405
0 votes
1 answer
150 views

Whats the best way to convert a contractor's rate to an employee's rate [duplicate]

Whats the best way to convert a contractor's rate to an employee's rate
user37681's user avatar
0 votes
2 answers
7k views

Why my bi-weekly salary after taxes doesn't sum up my yearly income [duplicate]

I'm a little bit confused about my paycheck. We have an internal tool that helps me calculate my bi-weekly paycheck, the details are as follows... keep in mind that my F1 OPT status exempts me from ...
pablo's user avatar
  • 21
2 votes
1 answer
16k views

My pf no on salary slip is MH/PUN/ Can anyone tell me how can I get UAN no if combination for Maharashtra-Pune becomes PU/PUN UAN Member Portal?

I work in India, Pune. I want to generate UAN [Universal Account Number] allocated to track the PF [Provident Fund, Govt. Pension scheme]. I was using government site Employee's Provident Fund ...
Shirish Herwade's user avatar
4 votes
2 answers
169 views

My bank account shows my earned income as a fund transfer rather than as a salary

I work for a US staffing company. Every month, (what I think of as) my salary gets credited into my savings bank account, but the statement shows this credit as a 'fund transfer' rather than as '...
vasishta Shastry's user avatar
2 votes
1 answer
242 views

US Salary Transfered to Indian Acc and Tax Relation

I am on an H1b visa working and receiving a salary in the US. I have transferred approximately $15-20k to my account in India Account (not an NRE account). How would this transfer affect my taxes in ...
Shwetha's user avatar
  • 21
2 votes
0 answers
236 views

Extra salary against London costs?

Until now I have always worked near my home in the South of England, currently for a salary somewhere between 35 and £40k. There is the possibility of a move to London, for which the initial ...
AC427's user avatar
  • 21
11 votes
1 answer
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 ...
balingentech's user avatar
1 vote
1 answer
372 views

How to budget for monthly bills on weekly pay and "Continental" shift pattern with varied hour rate? [duplicate]

I'm about to start a temporary job with a pay arrangement I'm not used to - I'm used to monthly. It's weekly pay and after training, I will be switching to what the company describes as a Continental ...
raining hail's user avatar
-1 votes
2 answers
247 views

Taking a loan from yourself

In general everyone is, for good reason, against having credit card debt. In a scenario where someone is paid a certain sum each month, and wants to spend only a certain amount each month, can he ...
andrewmh20's user avatar
2 votes
2 answers
1k views

£600 per month after rent: is this good?

After income tax, I will take home a pay of £1880 per month. After rent, this becomes around £600 per month. But I haven't included council tax in this, so it will be less than £600. Is this ...
C_Al's user avatar
  • 133
1 vote
1 answer
888 views

My salary from Dubai to India in INR ; taxable or not

I am working in dubai since 3rd may 2013 to till date and receiving my salary in INR in India in ICICI Saving account. I have not filled my ITR. I wish to know : Can I fill my ITR now and what is ...
dinesh saroha's user avatar
2 votes
1 answer
230 views

Current salary plans - criticisms and suggestions for improvements for a 21 year old

Hi everyone. I am 21 years old, working full time for the government as a Web Developer, and I'm looking to make the smartest decisions for my money. Assuming I get $2100 per fortnight, my planned ...
Zaenille's user avatar
  • 4,334
1 vote
1 answer
278 views

What does "Cost of Wage Differential" mean

I am being offered a Cost of Wage Differential in a job offer. Can anyone explain what this is and how to figure out if what I am being given is a fair offer?
Magesh's user avatar
  • 13
1 vote
1 answer
136 views

Savings on tax money as a married person?

As I am on normal wage in which I don't have any saving and it's my first job in UK, and as a foreigner I don't know much about rules. I heard somewhere that I can talk to my HR manager to cut me back ...
localhost's user avatar
  • 595
3 votes
2 answers
2k views

Net salary for an internship in Switzerland?

I will be doing a 6-month internship in Switzerland near Lausanne soon, and I will be remunerated 1000 CHF per month in gross salary. How much can I expect in net salary?
Intern's user avatar
  • 31
2 votes
2 answers
2k views

My query about my CTC, Gross salary and net pay

I am working as Software professional in reputed private concern. After one year of my successful completion, they offered me 3 lakhs per annum package. But I am getting only Rs 20606 as net pay per ...
Karthick R's user avatar
1 vote
0 answers
990 views

Do I have to pay UK tax on earnings from Saudi Arabia

I started working in Saudi Arabia on the 31st August 2015, I plan to resign from my job and return to the UK mid July 2015. Will I have to pay UK tax on my earnings from Saudi Arabia? I don't own ...
user29527's user avatar
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 ...
Zaenille's user avatar
  • 4,334
2 votes
3 answers
5k views

How is monthly wage tax calculated in The Netherlands?

AFAIK, in most European countries, the wage tax is calculated based on the total annual earning but is deducted by the employer from the gross salary and paid to the tax authorities in advance, on a ...
texnic's user avatar
  • 193
5 votes
1 answer
434 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 ...
BReddy's user avatar
  • 151
1 vote
1 answer
108 views

Can I write off time spent learning my trade - Two-Man S-Corp

I am a full-time freelance copywriter for an ad agency, who is my sole source of income. I am in the process of forming an S Corp, wherein I will pay myself a salary and take the rest as a ...
Syble's user avatar
  • 21
4 votes
6 answers
2k views

Former Employer direct deposited a payroll check in error

My former employer direct deposited funds into my account. I notified them and they told me they would pull the funds back out. A month has passed and the funds are still there. I want to close this ...
user avatar
0 votes
1 answer
869 views

How much should be our expense and savings ratio? [closed]

What is the right ratio of expense to savings ? is 80-20 alright ? Although we follow high standard living, here in Bharat(India) we can save upto 50%.
knowledge flow's user avatar