Find more templates in CFI’sFree Template Library. Salary vs Wage Employees who receive a salary are paid the same amount periodically, regardless of how many hours or days they work over the time period. Employees who earn a wage are paid based on a rate that is multiplied by the number...
Whether you are job hunting or considering switching jobs, it is important to have exact salary figures when you are comparing jobs so you can make the most informed decision. Many job descriptions only provide an annual or yearly salary, so it is important to be able to convert the monthly...
These items are perks andfringe benefitsthat make working for the company nice, aside from the pay you receive. Many companies produce a total compensation statement each year to let employees know the estimated dollar value of these perks, in addition to their yearly salary or hourly wage. Whe...
Another factor in your salary exploration should be the size of the company you’re hoping to work for. Larger companies with higher annual revenues may mean you can command a more significant salary. — Acknowledge Gender Gaps According to a study by Pew Research Center, the average wage gap...
While the wealthy are given many tax breaks, one of the most significant is that they do not have to pay a sales tax when buying stocks. When regular wage-earners go out and purchase something- whether a can of beer or a new car- they are taxed on their purchases, but because the...
Often called “nonwage benefits,” they encompass many tools employees can use to take care of themselves and their families, establish a healthy work-life balance, save money and more. Some benefits are mandated by law in certain instances, such as health insurance, while others, such as ...
Annualize your income: To find your annual gross income, multiply your average weekly income by the number of weeks you work in a year. If you work the whole year, this would be 52 weeks. Using the previous example, $525 per week over 52 weeks would result in a gross annual income of...
To find net pay, simply deduct taxes and deductions from the employee’s gross pay. Use the following formula, if needed: Gross Pay – Payroll Deductions = Net Pay If you’re not doing payroll by hand (aka using software or a professional), you don’t have to worry about computing net...
In 2014, the median annual wage for U.S. firefighters — who prevent the country from burning to the ground — was $45,970 [source: BLS]. Meanwhile, the former chief operating officer of Yahoo, Henrique de Castro, had an annual salary upward of $50 million and received a $58 million...
FHA loans are mortgages intended forcertain borrowerswho might find it difficult to obtain loans otherwise. The federal government insures FHA loans issued by private lenders, such as banks. FHA borrowers must pay two types of mortgage insurance premiums (MIPs)—one upfront and the other monthly...