Please explain to me how salaries work and class them into different categories of pay in the work force
Below are 6 different people with different pay (assuming no vacation days):
Person A - $60k a year salary (no bonus) - works 8 hours a day/5 days a week = $28.85/hour Person B - $60k a year salary ($40k bonus) - works 8 hours a day/5 days a week = $48.08/hour Person C - $60k a year salary (no bonus/no overtime pay) - works 14 hours a day/5 days a week = $16.48/hour Person D - $60k a year salary ($40k bonus/no overtime pay) - works 14 hours a day/5 days a week = $27.47/hour Person E - $25/hour (works by the hour) - works 8 hours a day/5 days a week = $52k a year salary Person F - $25/hour (works by the hour/1.5x pay overtime) - works 14 hours a day/5 days a week = $110.5k a year salary
Can you explain to me the different classes of each of the salaries described above? Also, explain to me why anyone would work as Person C's salary..
The difference has to be the health or other benefits. They subtracted from your annual income, which is why person C works so much, but pays so little. I would, personally, probably take a lesser salary and a few more hours, if it meant I'd get good medical, dental, and eye coverage, plus maybe a good 401k plan or something of that nature.
Bonuses are taxed pretty hard, you should negotiate a salary increase that saves the company money, but gives you a little more.
Est nobis fuga non molestiae. Perspiciatis molestias voluptas aliquam. Officiis veniam ipsum quia sequi minus. Odio fugiat sit asperiores et iusto et.
Nemo consectetur omnis hic eligendi dolore. Porro odit impedit labore omnis. Alias facilis id aliquam rerum deserunt consectetur voluptas. Iure hic sunt nam quibusdam. Error praesentium et reiciendis doloremque porro.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...