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How does Salary work?

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  • How does Salary work?


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Answer #1 | 22/12 2013 22:10
before
Answer #2 | 22/12 2013 22:14
Salary is always quoted as an amount before taxes.
Answer #3 | 23/12 2013 08:47
if you are to receive $5400 in the next 15 checks, or $360 a check, that is the gross amount if this is taxed the net check you receive will not be $360 if this is independent contractor with no taxes withheld, you will get the $360 each time-- and you are responsible for the taxes(Sch C and SE)
Answer #4 | 23/12 2013 08:53
Salary rates are NEVER quoted to you after tax! How would your employer know your complete tax situation prior to hiring you to know and predict the proper amount of taxes to take out??

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