Living in the U.S. is considered to be generally expensive. Many cities in the U.S. rank high in cost of living indexes, indicating a high living cost. Additionally, expenses for healthcare and college, for example, are relatively high when compared to other countries. As the U.S. is ...
So, ready to learn how to calculate an employee’s raise using the percentage method? With a percentage increase, you might: Know the raise percentage you want to give Know the new salary you want the employee to receive You know the salary raise percentage you want to give ...
While CPI may be used by employers to calculate COLAs, the BLS website points out that the CPI is not meant to be a cost-of-living index.3The Council for Community and Economic Research also provides a reputable Cost of Living Index.4 Why Use a COLA? Employers use COLAs to att...
You can then fill in the interest rate per year, and the amount and date of your first deposit. You'll receive a breakdown of the total you'll have to put aside per month in order to reach your goal. If you want an even further breakdown, you'll also be able to see how much th...
The attrition rate measures the number of employees who’ve left an organization within a set period of time. Learn to calculate & decrease this number.
This is the formula you need to use to calculate your effective tax rate: Effective Tax Rate = Total Tax ÷ Taxable Income. Effective Tax Rate vs. Marginal Tax Rate While an effective tax rate represents the percentage of your taxable income allocated to taxes, your marginal tax rate is th...
Let's calculate the value of various pensions below. Pension Value Example 1: Police Officer Retiring After 25 Years Of Service Here is the example again of how to calculate the value of a pension with some commentary after. Average income over the last four years: $90,000 ...
Using ourInflation Calculator, you can calculate the amount of price inflation between any two dates from 1914 to the present. Or you can use the current inflation rate (see ticker above). To use the "How much would it cost calculator" simply input the starting amount in the top box. ...
This gives you useful information when it comes time to give raises. In this instance, although the employee is already making a salary that is more than the midpoint, you might want to consider her for a raise in view of her good work and tenure. You can also calculate group compa ...
One great way to track your progress is tocalculate your net worth. Your net worth is simply your assets minus your liabilities. It gives you a great insight into how you are progressing towards your financial goals. In addition to your net worth, I like to track one other ratio. ...