CTC Understanding CTC is crucial for employees to gauge their true earning potential and value to the company. I compared my CTC with industry standards to assess my market worth. 9 ECTC ECTC serves as a starting point for salary negotiations between a candidate and an employer. I used the ...
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Salary is paid when there exists an employment contract between the parties, i.e. there must be an employer and employee relationship. Conversely, the stipend is paid when a person joins the organization as a trainee, the relationship between the supervisor and the trainee is of mentor and stu...
Security tax rate is 12.4%, while the Medicare tax rate is 2.9% – for a total self-employment tax rate of 15.3%. However, unlike FICA taxes, which are evenly split between the employer and employee (7.65% each), self-employed people have to pay the full 15.3% ...