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As long as you plan on keeping the job and have a reasonable expectation that you will be able to do so, the increase in salary would be better. A bonus is a one-time payment, and implies no guarantee of future bonus payments for similar performance. A salary increase would come every pay period, so if the bonus and the increase are equal, the increase would be preferred.

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Q: Is it better to take an increase in salary or a bonus equal to that increase?
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