Asklemmy

43950 readers

686 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
[email protected]: a community for finding communities

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago

MODERATORS

[email protected]

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

submitted 1 year ago by [email protected] to c/[email protected]

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

[–] [email protected] 22 points 1 year ago* (last edited 1 year ago) (2 children)

As others have mentioned, a few possibilities (I'm in the US, not sure how specific this is):

Payment isn't always monthly, it is often every two weeks. So sometimes you get two paychecks in a month, sometimes you get three.
Compensation isn't just salary, even if you're salaried. Bonuses, stock grants, etc. might be done yearly/every 6 mo./every quarter.
Expenses aren't always monthly. If you own a place, you probably pay property tax which isn't due every month AFAIK. If you budget for vacations, holiday travel, etc., these are costs that vary wildly month to month, but have some stability on a yearly basis.
ETA: taxes are based on annual income, too.

[–] [email protected] 8 points 1 year ago

The tax point is probably the biggest one. People just want to know what tax bracket you fall into. And it corrects for seasonal variations.

[–] [email protected] 4 points 1 year ago

Expenses aren't always monthly

Mortgages neither. Mine is accelerated bi-weekly, meaning I pay essentially 13 months a year... It shaves a wooping 3 and a half years on my 25 years!