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Salary vs. Hourly Wage. What is a Salary?. What is an Hourly Wage? Is it the same in all states?. Salary is a set amount an employer pays an employee for a job. The hours worked do not matter, you still get paid the same. This applies to most businesses and not to the Federal Government. - PowerPoint PPT Presentation
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Salary vs. Hourly WageWhat is a Salary? What is an Hourly
Wage?Is it the same in all
states?
Salary is a set amount an employer pays an employee for a job. The hours worked do not matter, you still get
paid the same. This applies to most businesses and not to the Federal Government.
Hourly Wage is an amount paid for each hour an
employee works. How do you find the amount you
make for each day or week or month you work?
Salary
IF YOU MAKE $55 ,000 /YEAR, HOW MUCH WOULD YOU MAKE A MONTH?
NOW HOW MUCH OF IT WOULD BE AFFECTED BY TAXES?
You will be charged 13.38% for federal taxesYou will be charged 6.2% for Social Security
taxesYou will be charged 1.45% for Medicare taxesAnd you have to consider the state
taxes…..let’s just say it is 5% of you gross.