Salaried vs Hourly

The God Poster

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So brehs I got offered a job that is salaried. Never had one, mainly been hourly. Wanted see what yall think is better. And how do taxes work with salary
 

Jesus

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Hourly, simple math. :stopitslime:

I know plently of people with a NICE salary job doing 60/70+ hours that equals to average wages. That's how they get you. fukk working on holidays and shyt. You can keep the "title" with the salary.

Pro-rate my wages to my time put in...fukk that lump sum shyt. :mjlol:
 

Remote

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As far as I know, there aren't any tax differences between being a salaried worker and an hourly worker.
What you should be concerned with is what benefits you receive as a salaried worker.

Health and Life Insurance benefits tend to differ between salaried and hourly employees. Or union and non-union employees.
You should also have a 401k or some sort of pension benefit.
 

threattonature

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As far as I know, there aren't any tax differences between being a salaried worker and an hourly worker.
What you should be concerned with is what benefits you receive as a salaried worker.

Health and Life Insurance benefits tend to differ between salaried and hourly employees. Or union and non-union employees.
You should also have a 401k or some sort of pension benefit.

All of this and if you have any contacts in the company I would check to see how many hours they work on the regular. I was lucky enough to end up in a salaried job that would pay money for extra time put in regardless until they recently started hitting was with the line that we're on salary so deal with it. But yeah a lot of companies fukk their salaried employees over with the crazy hours. So a big part of it is the difference in pay.
 

Remote

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All of this and if you have any contacts in the company I would check to see how many hours they work on the regular. I was lucky enough to end up in a salaried job that would pay money for extra time put in regardless until they recently started hitting was with the line that we're on salary so deal with it. But yeah a lot of companies fukk their salaried employees over with the crazy hours. So a big part of it is the difference in pay.

I suppose there can be abuse with overworking salaried employees, but I think it happens a lot to hourly employees, too.

I've had jobs where I'd work late as an hourly employee and the boss would have me come in the next day a few hours later than usual. Or they would let me leave a few hours early to balance the hours out.
Now that might sound nice to some people, but essentially what that is doing is preventing you from getting overtime pay. So that's...sort of like...salary theft.

And some salaried employees can put in for overtime. I can at my job, but I rarely do. Sometimes it depends on your band level within the company...whether you're classified as exempt or non-exempt.
Every job is different so I guess he has to look into it.
 

Ciggavelli

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I work salary, if I could go to hourly I would. They really do rape you on salary. That being said, not being a contractor means I got excellent health care/benefits.

Once you reach a certain level and you want job security, you gotta go salary :to:
 

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@Raul So i meant for example if they say 40k a year....but is that after or before taxes:patrice:
@Black Jesus @threattonature @Crakface @Ciggavelli i dont think hours are too bad as its 8-5. And its more then im making now. But. I def aint bout the slave life:to:
40k is before taxes.
I don't know what the tax rate is. It would be around $20 per hour...but again, that's before taxes.

You could look it up but my guess is that the tax rate at that salary bracket is around 35%.
 

Data-Hawk

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Salaried tends to be higher pay because they factor in overtime already .

Im on salary and that means:
- Im never late to work
- I can leave early and just make up the hours.


my job personally i rarely work over 40hrs a week.
 

QuintessentialBM

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@Raul So i meant for example if they say 40k a year....but is that after or before taxes:patrice:
@Black Jesus @threattonature @Crakface @Ciggavelli i dont think hours are too bad as its 8-5. And its more then im making now. But. I def aint bout the slave life:to:


40K before taxes... and it may not be as bad as I was saying or you think.... I depends on your job and the sector.... It could a straight 8-5 40 hr work week without augmentation or the extreme case(but common) of 100+ hours per pay period....

40k is before taxes.
I don't know what the tax rate is. It would be around $20 per hour...but again, that's before taxes.

You could look it up but my guess is that the tax rate at that salary bracket is around 35%.

I believe its like 33% for single and 0.... and the pay rate is $19.23
 

threattonature

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I suppose there can be abuse with overworking salaried employees, but I think it happens a lot to hourly employees, too.

I've had jobs where I'd work late as an hourly employee and the boss would have me come in the next day a few hours later than usual. Or they would let me leave a few hours early to balance the hours out.
Now that might sound nice to some people, but essentially what that is doing is preventing you from getting overtime pay. So that's...sort of like...salary theft.

And some salaried employees can put in for overtime. I can at my job, but I rarely do. Sometimes it depends on your band level within the company...whether you're classified as exempt or non-exempt.
Every job is different so I guess he has to look into it.

Yeah definitely. It's 100% on the job. Can't say one way or the other which is better with out digging into the job. I've seen both sides of it as a salaried employee. And I've never been someone that shied away from putting in a bunch of hours so I used to eat good as an hourly worker. I missed that once I went salary but the jump in pay was too much to pass up.
 
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