Asklemmy

43939 readers

376 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

What's with telling YEARLY salaries? (lemmy.zip)

submitted 1 year ago by Blizzard@lemmy.zip to c/asklemmy@lemmy.ml

148 comments fedilink hide all child comments

I think this is mostly a US thing. Why use yearly salary? You're not paid once a year, are you? Most likely once a month. Referencing monthly salary makes much more sense.

"I'm making 50k". Great, now I have to guess - dollars? Monthly? Yearly? If yearly then what's the monthly paycheck? Net? Gross?

you are viewing a single comment's thread
view the rest of the comments

[–] bitsplease@lemmy.ml 8 points 1 year ago (1 children)

"I'm making 50k". Great, now I have to guess - dollars? Monthly? Yearly? If yearly then what's the monthly paycheck? Net? Gross?

I mean surely it's obvious in that example, no?

dollars

If that's the native currency wherever you are, then of course dollars

Monthly? Yearly?

$50k/month about be $600k/year. Pretty sure you'd be able to tell if the person you're talking to made half a million dollars a year vs just above the poverty line (in the US at least) just from context, but when in doubt - it's probably safe to assume that the person you're talking to isnt in the top 1% of earners

If yearly then what's the monthly paycheck?

Yearly divided by 12? If you're in a hurry and want a rough estimate just chop a number off the right and that'll get you to within ~10% of the correct value

Net? Gross?

I've literally never heard anyone give their salary as gross outside the context of financial planning, and even then they'll always specify "after taxes" or something similar.

Other comments go into plenty of detail about why they se various conventions are what they are (yearly vs monthly, net vs gross, etc(

[–] TheButtonJustSpins@infosec.pub 3 points 1 year ago (1 children)

I've literally never heard anyone give their salary as gross outside the context of financial planning, and even then they'll always specify "after taxes" or something similar.

You mean net here, not gross. Otherwise, agree.

[–] bitsplease@lemmy.ml 1 points 1 year ago

Haha woops - mixed up the terms, thanks!