what is monthly salary
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What is the monthly salary of a marine biologist? 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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Budgeting Basics: How to Figure Your Monthly Income if You Earn a Yearly Salary Step 2: Figuring out how much you make each month. Take the amount that you make each year and divide it by twelve, and that will give you the starting point for your monthly income. $36,000 ÷ 12 months = $3,000 a month. One of the benefits of getting paid a salary is often Benefits.eople who earn a yearly salary have the pay stub thing a little easier than the hourly wage people, so if you have access to your pay stubs (and you should, because you should be saving them as a record of time worked and money paid) then this is by far the easiest way to determine your monthly income.
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- A yearly pay is known as an annual amount or annual pay. Minimum wage as of July 15, 2009, is $7.25 per hour. Salary is paid notwithstanding the amount of hours to usually Management employees.
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How Much Do Pharmacists Make a Month? Salary by Industry. You would earn the highest monthly salary of $10,457 working for a pharmaceutical manufacturing company, according to the BLS. Your income would be closer to the national average at a general and surgical hospital --$9,503 per month.
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Calculating Basic Salary Earnings Calculating Basic Salary Earnings. Basic salary (BASSAL) is an earning element with a flat amount that is paid at the earning level only. Basic salary is paid once per month for permanent employees, in the first month for new hires, and in the last month for terminated employees. The calculation rule is Amount which is the system element COMPRATE—the monthly compensation rate of the payee. The system uses pay group proration whenever there is a partial period or when a pay rate change occurs during the pay period. Following are examples of the partial basic salary earning calculation:
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- Basics. The average American monthly salary was $3,769 in 2011. This was equivalent to averages of $45,230 per year, or $21.74 per hour. The group with the highest averages was management, with $8,950 per month.This category included chief executives earning a mean $14,712 monthly and financial managers making an average $10,037 per month.he group with the highest averages was management, with $8,950 per month. This category included chief executives earning a mean $14,712 monthly and financial managers making an average $10,037 per month.
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What is a Salary? A salary is part of a compensation package that employers provide to employees in exchange for performing specified services. Generally understood as covering one year's worth of services, it's the money an employee earns at regular intervals — often monthly, semi-monthly or even weekly — throughout the year.
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Salary A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.alary is also determined by leveling the pay rates and salary ranges established by an individual employer. Salary is also affected by the number of people available to perform the specific job in the employer's employment locale.
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Salary Law and Legal Definition Salary Law & Legal Definition. Salary is financial compensation an employee receives for performing the job, and part of an employee compensation package. Salary can be on an hourly, daily, weekly, monthly, or yearly basis. Salary may also include overtime pay, bonuses, and commissions.
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- A salary is the amount that an employee receives in exchange for working over a specific period of time without regard for the precise number of hours worked. For example, an employee with a monthly salary of $2,000 would receive $2,000 that month whether the employee worked 160 or 200 hours.
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What is a fixed monthly salary? Fixed monthly salary = basic monthly salary + fixed monthly allowances. Basic monthly salary: This is payment that does not vary from month to month, regardless of employee or company performance, and regardless of whether the employee takes medical or personal leave.ixed monthly salary does not include the following: 1  Variable allowances. 2  Overtime payment, bonus, commission or annual wage supplements. 3  In-kind payments. 4  Any form of reimbursements, including for expenses incurred by an employee in the course of his employment.
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How to Calculate Salary Per Month If you are paid bi-weekly, multiply this bi-weekly amount by 26 to find your annual salary. In the above example, $549.60 times 52 gives you $28,579.20 per year. Divide your annual salary by 12 to calculate your salary per month.
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- Job title is the primary factor in determining monthly salaries. The average American monthly salary was $3,769 in 2011. This was equivalent to averages of $45,230 per year, or $21.74 per hour. The group with the highest averages was management, with $8,950 per month. This category included chief executives earning a mean $14,712 monthly and financial managers making an average $10,037 per month.
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- Gross Monthly Wage = Total wages (basic salary and additional wages such as overtime pay and bonuses) paid by the employer to the employee in a calendar year / Number of months in which CPF contributions were made.or an employee covered by both SEC and WCS, for every $100 increase in his wage between $3,000 and $4,000, the employer gets $40 more from WCS per month and only $24 less from SEC for each month that the employee is on his payroll. Overall, the employer benefits more from increasing the employee's wage.
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- Salary is a regularly paid amount of money, constituting all or part of an employee's wages, paid on a weekly or less frequent basis, that is not subject to reduction due to the quality or quantity of work performed. This is the general definition in federal law (29 CFR 541.118).xample: A non-exempt employee is paid a salary of $500 per week, and works 50 hours in a given week. Since the agreement is just that the employee will be paid a $500 salary, that sum would cover any number of hours worked. The regular rate for this week is the salary ($500) divided by the 50 hours worked, or $10.00.
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The Differences Between Base Pay & Annual Pay Base Pay. Base pay is a term that generally describes the minimum compensation that you can expect to make on your job. Base pay can be expressed in terms of an hourly rate of pay, such as $10.15 per hour, or it can be expressed in a number of other different forms. If you work on a salary basis, your base pay may be expressed as a monthly figure such as $4,000 per month, or on a yearly basis as $48,000 per year. Annual Pay Annual pay differs somewhat from base pay because annual pay is not necessarily a baseline or minimum figure you can expect to make.
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- Basics. The average American monthly salary was $3,769 in 2011. This was equivalent to averages of $45,230 per year, or $21.74 per hour. The group with the highest averages was management, with $8,950 per month.This category included chief executives earning a mean $14,712 monthly and financial managers making an average $10,037 per month.n 2011, food preparation and serving related occupations were the lowest-earning category, earning an average monthly $1,785, which equaled $21,430 per year, or $10.30 per hour.
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- Dictionary: Definition of progress Spanish Central: Translation of progress Nglish: Translation of progress for Spanish speakers Britannica English: Translation of progress for Arabic speakers.
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- The average American monthly salary was $3,769 in 2011. This was equivalent to averages of $45,230 per year, or $21.74 per hour.he average American monthly salary was $3,769 in 2011. This was equivalent to averages of $45,230 per year, or $21.74 per hour.
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Salary Monthly and daily salary. Definitions and calculation for incomplete month of work, gross rate of pay and basic rate of pay. 1  Variable wage components Guidelines for Annual Wage Supplement (AWS), bonuses and other variable payments.aying salary. Requirements for paying salary, including frequency, timing and payments in other situations. 1  Itemised payslips What items to include in itemised payslips, when to give them and in what format.
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What does Salary exactly means??? Rating Newest Oldest. Best Answer: Salary can mean monthly or annual pay. It also means that you are paid a set amount, for example $50,000 a year, to work regardless of how many hours you work a week. Salary is over a years time. When a company put you on salary you do not get overtime pay.
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- noun (plural salaries). A fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker: he received a salary of £24,000 [as modifier]: a 15 per cent salary increase Compare with wage.More example sentences. fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker: he received a salary of £24,000 [as modifier]: a 15 per cent salary increase Compare with wage. More example sentences.
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Definitions &Translations Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.
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Basic Salary Will Change Every Month For An Employee Dear Asheesh, Salary is fixed for a month (30 / 31 days) and is payable for employees on prorata basis on number of days worked in a month. Thus all components of your salary are payable equal to the number of days you work in that month. for example if your salary looks like this :Basic: 3500. Other: 750. ----------------.Total: 6000. ------------. You will divide the salary by the no. of days in a month and pay as per the attendance.hus all components of your salary are payable equal to the number of days you work in that month. for example if your salary looks like this : Basic: 3500. Other: 750. ----------------. Total: 6000. ------------. You will divide the salary by the no. of days in a month and pay as per the attendance.
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- basics the average american monthly salary was $ 3769 in 2011 this was equivalent to averages of $ 45230 per year or $ 21 74 per hour the group with the highest averages was management with $ 8950 per monthhe jobs with the highest monthly averages were in the medical profession and included anesthesiologists at $ 19579 surgeons at $ 19295 obstetricians and gynecologists at $ 182175 oral and maxillofacial surgeons at $ 18115 and orthodontists at $ 17055
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What is annual income? Annual income is what you earn as wage or salary per year. Usually all data on income are per year and you have to spit the amount to see what you earn per month. However, if … you add all your income (what you receive from January 1st to December 31st), you will have the annual income.Annual = per year.