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No, Base Salary is your yearly income before commissions or bonuses. This Figure is before taxes are deducted Hourly rate is a set wage that you charge or earn for work performed. Hourly rate Formula: Divide annual rate of basic pay by 2,087 hours. $55000 Base salary = $26.36 Hourly rate
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Can company match contribution be paid on a set salary amount if an individual get paid hourly and the hourly amount exceeds the salary amount?
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What is Api 570 inspectors hourly rate?
If an API inspector is going from one turnaround to another their hourly rate will be between $40 and $50. If they are working for the same plant full time then their hourly rate will be between $36 and $40.
Is base pay the same as hourly pay?
no, "base pay" is a set amount prescribed by the employer.
What is the average hourly rate for Pet Sitting in New York City, New York?
The average hourly rate should be about the same as minimum wage. You should expect to see around $7/hour for pet sitting for all the animals.
What is your desired hourly wage for Popeye's?
The wage you would wish to be paid per hour. The rate you are paid is unlikely to be the same.
Can you get government benefits like food stamps or welfare or etc on a commission only job but no income?
If you receive a commission it is counted towards your income. It would be used to calculate your benefits in the same way as a salary or hourly wage. It is still considered earned income and must be reported as such. $100 earned through commission is the same as $100 earned through an hourly wage or salary.
How does a leap year affect annual salary?
Salary is salary, not daily or hourly pay so it usually stays the same. If you have a cool boss he/she might give you a bonus or extra day off;)
Is salary and wage the same thing?
No, salary and wage are not the same thing. A salary is a fixed amount of money that an employer agrees to pay an employee per year, for doing a specific job. For example, someone is hired to be an bookkeeper and is paid $50,000/year. Wages usually refer to an hourly rate of pay, and therefore they are not fixed; they depend upon the number of hours worked. For example, a person could be hired to load trucks for $15/hour. If he works for 3 hours, he earns $45.
What are disadvantages of salary?
The disadvantages of a salary as compared to an hourly income really falls to one thing- with a salary it does not matter how many hours per week you work, your check will remain the same. Whereas with a job that pays you hourly, you will earn the exact amount of labor that you offered for that pay cycle. The advantage of having a salary versus a hourly pay is that say for instance you only worked twenty hours for the week- your check will reflect the amount of pay agreed upon by you and the employer. So it is really like a gamble depending upon the company in which you are working for. The best advice I can say is to check what the average worker within that same company under the same title works per pay cycle and see if that sum is beneficial or disadvantageous toward a salaried income.
What is the Difference between hourly wage salary contract wage and commission wage?
"HOURLY", a specific rate/hour is your financial base for whatever hours or fractions thereof you work. Advantage is that you get paid overtime rates and the more you work (or are allowed to work) the more money you make. Disadvantage is that if you don't work, you don't get paid. Usually considered 'blue collar' jobs. "SALARY" is a FIXED rate usually given in the yearly aspect and as many hours that are required to accomplish your duties will be paid the same amount on a yearly basis. This is sometimes referred to many salaried employees as "We (the company) own you. Also known as 'Exempt' as you do not get paid overtime. Benefits are usually better and there are paid vacations and holidays and typically a sick day allowance. "COMMISSION" you only get paid when you sell something or produce a predetermined volume of a product or service. It has the potential for huge payoffs if you are a good salesman. If you are not good, it can be really tough. Some places offer a small salary at a fixed rate (minimum wage if you are lucky) and then commission.
What is the English base rate?
Same as the Bank of England base rate - the key interest rate figure for loans etc which is set monthly by the Bank of England (usually the first Thursday of each month)
Are corporate lawyers paid annually or hourly?
Corporate lawyers pull a pay check on the same time frames as anyone else in management, which is typically either once a month, twice a month or every two weeks. The salary is based upon an annual rate and they do not work by the hour, one of the main advantages of the corporate world!
