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.

Filter by
Sorted by
Tagged with
2 votes
2 answers
2k views

How is salary of an owner get determined in a small business?

How does a salary of an shareholder (who is also President/Owner in the company) get determined for a small business Example situation: Owner of Company: owns 90% stake Investor in Company: owns 10% ...
Toli's user avatar
  • 173
2 votes
1 answer
253 views

Indian citizen. Moving to Brunei. Working as freelancer for US company. In which account do I get my salary transferred?

I am an Indian citizen living in the US for last 4 years. My husband will be transferred to Brunei starting July and I will join him too. My US employer wants me to continue working as a freelancer ...
Meha's user avatar
  • 21
8 votes
3 answers
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 ...
confused00's user avatar
2 votes
1 answer
228 views

What happened to my remaining money?

I was offered an Internship at a company with a monthly amount of 15000 rupees. I joined on 6th january 2015. I was paid an amount of 13065 rupees today to my bank account. Where did the remaining ...
WannaBeCoder's user avatar
4 votes
3 answers
20k views

Is paid time off (PTO) considered taxable income?

I am a salaried full-time employee at my company in California, USA. I noticed on both my final 2014 paystub and on my W-2 form that the paid time off (PTO) I took for vacation last year was listed ...
stackoverflowuser2010's user avatar
2 votes
1 answer
247 views

Opening Company in US as non US resident and living in native country. Tax questions!

I'm planing to open company (C Corporation) with my friend in US, specifically Delaware. But I am not US resident nor is he. Him and I live in Croatia, Europe. We will be owners of company and only ...
Micko's user avatar
  • 23
0 votes
1 answer
2k views

NRE account in indian bank have to pay Income Tax in India

Please help me, i am working in Dubai base company and my work place is any other country Like Oman, Myanmar, etc. Only for work, i am going out side of India say 3-5 month/year. Company is depositing ...
vishwas's user avatar
2 votes
1 answer
234 views

Paycheck Questions

I have a situation where I believe I was supposed to be paid $1,000 more than what I actually was paid during the year. While it's not a huge amount of money it still would have been nice. I've been ...
Derp's user avatar
  • 121
1 vote
2 answers
631 views

How do companies protect employees' income from currency flucturations? [closed]

Say you are an export-oriented company, selling products abroad and receiving income in some (nominally stable) basket of currencies. Now let's suppose your own domestic currency, the one you use to ...
Dmitri Nesteruk's user avatar
5 votes
3 answers
15k 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 ...
Green2702's user avatar
2 votes
1 answer
1k views

Is my salary in UK taxable in India?

I have been moved to UK temporarily from India for 2 years. In whole 2013-2014 financial year, I am in UK and getting my salary in UK itself which is being credited in UK based bank. Will my income ...
Devesh's user avatar
  • 21
1 vote
1 answer
119 views

Managing account other than salary account

I have a salary account in one bank and a separate saving account in other bank but i dont show my saving account details in ITR will it affect me in future.
user1115's user avatar
1 vote
3 answers
465 views

Why should I not disclose my salary?

I'm not looking to blurt out or brag about my salary in social media or anything. I'm apparently making an article about how to get a raise and I am planning to disclose the exact raise (not salary) ...
Zaenille's user avatar
  • 4,334
0 votes
1 answer
129 views

Do I have to work a certain amount of hours in order to get paid monthly?

I work as an office assistant and my pay has recently been changed to monthly. I only work 2 days a week now at 8 hours a day and I don't feel that is an adequate amount to receive just once a month. ...
Casey's user avatar
  • 1
9 votes
3 answers
3k 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 ...
kd0hdf's user avatar
  • 99
1 vote
1 answer
14k views

Is my paycheck correct for Provident Fund deduction at the new company I joined in India?

I am a software engineer, i worked in two organizations in those two organization provident fund was not deducted they credited me complete salary to bank account by monthly . Recently i joined a new ...
ursgtm's user avatar
  • 113
1 vote
1 answer
278 views

Is there an upper limit for money that an expat can keep in his US bank account?

I am a neither a permanent resident nor a US citizen. I have a bank account with a leading US bank which I use as my salary account. Income taxes are deducted at source. I know that I need to submit ...
dbza's user avatar
  • 123
2 votes
1 answer
358 views

What is the rationale for a separate "National Insurance" tax in the UK?

In the UK there's a type of income tax called "National Insurance", similar to regular income tax. http://www.hmrc.gov.uk/ni/ What is the rationale for having this separate income tax? How does it ...
billpg's user avatar
  • 149
19 votes
7 answers
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 ...
jujenis's user avatar
  • 193
4 votes
1 answer
549 views

How are national insurance deductions calculated in the UK?

I understand that in the UK national insurance is a deduction made to your salary. I have seen this question/answer, that lists 2 very good websites that breakdown your take home pay for UK residents. ...
Husman's user avatar
  • 403
5 votes
3 answers
421 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 ...
Kim's user avatar
  • 163
12 votes
3 answers
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 ...
user1698144's user avatar
0 votes
1 answer
442 views

US: personal income tax calculations and other costs

If an individual has an annual salary of US$150K in Silicon Valley as a software engineer from his/her job, how much would this individual take home (cash)? If said individual has to also take into ...
Calvin Cheng's user avatar
2 votes
3 answers
809 views

Can a new company see how much you're being paid?

I'm currently on (for argument's sake) 20k. I'm due to get a pay rise to 25k soon. I'm going for an interview at a new company soon, and I know that they will ask me what my current salary is. Can I ...
Daniel Steele's user avatar
7 votes
1 answer
553 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 ...
conradj's user avatar
  • 329
3 votes
1 answer
992 views

What are the common Income Tax deduction for salary earned in Saudi Arabia

I have left for Saudi Arabia on 7 November 13 , I am a government employee in Saudi Arabia . My salary is deposited in Saudi bank account , will I have to pay tax on 1,000,000 rupees amount which I ...
manishkinra's user avatar
2 votes
2 answers
693 views

Is a 100k salary twice as expensive as a 50k from the employer's point of view?

If you take everything into account (mandatory insurance, etc.), how much do employee and employer's representations diverge about employee's cost? For example, you may think a 5K increase in your ...
Barnabe's user avatar
  • 131
1 vote
2 answers
146 views

What numbers do I look at to adjust my salary increases for inflation?

I would like to compare my annual salary increases to some "real world purchasing power" metric to see if I am meeting, exceeding, or falling behind on how far my money goes each year. What number ...
loneboat's user avatar
  • 263
4 votes
1 answer
1k views

Working in Iran for foreign company

I'm Iranian and as you know we are under sanctions. I'm a computer programmer. Can I work for a company (for example in US, UK or Germany) and earn my income while staying in Iran? Is it possible to ...
Babak.Abad's user avatar
0 votes
3 answers
19k views

Why is salary a credit if money comes in? [closed]

I am new to keeping accounts. Today I learned that debit is what comes in credit what goes out Then how can we say that salary gets credited when the money comes in?
Monicka Akilan's user avatar
19 votes
5 answers
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 ...
scubaFun's user avatar
  • 875
10 votes
4 answers
4k 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 ...
MrDuk's user avatar
  • 1,371
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 ...
Matt's user avatar
  • 59
3 votes
2 answers
2k views

Pros, cons, and taxation of Per Diem compensation?

I am working for IT consulting organization in USA. My current employer pays salary on hourly basis and total salary is taxable. I have got another offer from another Consulting Organization. New ...
Babu's user avatar
  • 131
9 votes
2 answers
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 (...
Sherwin Yu's user avatar
4 votes
3 answers
1k views

Should I contribute to current year RothIRA if I'm unsure if current year income will exceed limit?

I've always contributed to Roth IRA for the previous calendar year right before the deadline in April. The past year, I was over the limit and thus won't contribute this month. However, my income ...
Miro's user avatar
  • 381
2 votes
2 answers
210 views

San Francisco vs Madison

I am currently getting a 102K salary in Madison and have an offer for 125K from SFO. Should I accept this offer from a monetary perspective or not? I will like to maintain the same life style that I ...
Rahil's user avatar
  • 23
7 votes
3 answers
57k 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 $...
Lisa's user avatar
  • 81
3 votes
2 answers
1k views

How exactly does France's "rich tax" / "millionaire tax" of 75% above 1 million euros salary work?

Can someone explain how the French "rich tax" works? If I had salary of 1.000.000€ per annum, would I pay 750.000€ tax? And thus I would realize only 250.000€ net income?
Micromega's user avatar
  • 149
2 votes
2 answers
3k views

American taxes if living outside the US and get paid by US company on a US bank account

I live outside the States, I'm not American and I'm going to be paid by an American company on my personal American bank account: it's headed to me, as a physical person. I'm obviously going to pay ...
Luke's user avatar
  • 127
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-...
alexandre0sheva's user avatar
1 vote
2 answers
5k views

What is my take home salary in Chicago for 110K annual?

What will be my take home salary in Chicago if I file as married jointly and I have no children. I am the only income earner. What is the effective tax rate and how much federal/state allowances do I ...
Hash's user avatar
  • 169
2 votes
3 answers
905 views

Freelancer in India working for Swiss Company

I am based in India and I have a contract with a Swiss company to handle their businesses in and around India. I receive my Salary in Eur which is then converted to INR in my Bank. I have been paying ...
Joe Amon's user avatar
1 vote
1 answer
6k views

Salary account in gnucash: charge vs. income // example transactions

It might not be the usual thing to have on opening balance in a "Salary" account, but if one did, this is what I tried in gnucash: description: payday again :-) transfer: Equity:Opening Balances ...
shoyu's user avatar
  • 691
2 votes
1 answer
337 views

How can I reduce the amount of tax I will pay on the sale of an investment property?

I'm selling an investment property. It is not eligible for a primary residence exemption. I am not interested in purchasing another investment property (i.e. doing a 1031 exchange). So I will pay ...
three-cups's user avatar
7 votes
3 answers
17k 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-...
ist_lion's user avatar
  • 205
8 votes
6 answers
2k 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 ...
Arturs Vancans's user avatar
3 votes
2 answers
3k views

Salary equivalency: London vs Berlin

I am currently working as a Java Developer in a permanent role in Berlin with a €45k salary and I'm moving to London on August. Assuming this salary in Berlin reflects exactly my level of experience, ...
richardIG's user avatar
3 votes
1 answer
1k views

What category should I specify for gross salary in Quicken?

I'm using Quicken 2013 and I'm trying to split my "Gross Salary" (specified as Pay Rate on my pay stub) from my "Deductions" specified as (Current Deductions on my pay stub) using the line items on my ...
leeand00's user avatar
  • 1,110
6 votes
1 answer
13k 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 ...
Asdfg's user avatar
  • 763