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What is a monthly salary?

Updated: 10/10/2023
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Wiki User

10y ago

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When it refers to wage garnishment, it is disposable income.

The amount left after all taxes, pension contributions, etc. have been deducted. There is also a specified amount based upon minimum weekly wage standards that is exempt from garnishment. The amount will vary depending upon whether or not the garnishee's state has a higher minimum wage standard than that of federal law.

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15y ago
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10y ago

A monthly salary is the amount of pay you receive every month for doing your job. This also implies that you will be paid monthly, though it may not be the case.

You can calculate a monthly salary even if you are paid biweekly or semi-monthly.

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