A question about money

For people living in the anglo-saxon world, I’ve got a question.

When you say for instance “They pay me $15 a day”, the common parlance means $15 gross income, or net income ??

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Dunno. Buddy…

Whats this…great britian…

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Usually USA and Great Britain… sometimes Australia, New Zealand, Canada and Ireland are included too.

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I went to buy medicine today…i am on a public transportation now…feels good to get out of the house…what are u upto…

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In the U.S. I think it substantially depends on who you’re working for. If you’re working for a large business that is subject to the scrutiny of the government your pay will be taxed as a matter of routine. So, in that case, you’d call it gross income. If you’re working for a private individual of very small business you can get away with not filing a W-2 form and not paying taxes. One time I was painting this fence for this woman, and she asked me if I wanted to fill out a W-2 form, and I declined, so I guess you could say I shirked my obligation to pay taxes there. I didn’t really think it was that important. Now that I am living on the taxpayer’s dime I wish I had paid my taxes then.

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In Canada usually say they get paid $xx/hour and that is gross pay.

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Sounds like gross pay. Net is minus taxes…right?

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Yes, that’s how it works in my country. When interviewing for a job, we usually negotiate net monthly income, not hourly or weekly or annually, like in the West.

The chirsitainic white portion of the world.

The western world in more common terms.

That’s probably take home pay… if they were in a mood to complain there would probably be a follow up statement.

They pay me 15$ a day and that’s not even before taxes!

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I am tired as hell. But I believe that you have nothing deducted from your hourly wage. If they tell you that you make $15.00 an hour that is exactly how much you make. The deductions are made on the total earned before payday.For example, if you make $15.00 an hour and you work for ten hours in a week, then your total before taxes is $150. Our paycheck will show this. But then they deduct federal tax, state tax, and a few other deductions. After deductions, that is how much we bring home. Gross wages are before tax. Net, is after taxes and it is what we bring home.

15 would be your gross income, Net income is after taxes etc.

But they don’t deduct taxes from the hourly wage. They deduct taxes from the sum total you earn each week or every two weeks. Every two weeks they add up all your hours worked, figure out how much you earned at the rate of $15… an hour, and when they get the final sum that is how much you grossed. THEN they deduct taxes from that figure. What’s left if your net pay. That’s what you take home.

He said they paid him 15 for the day

which is a crime in itself

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15$ per day
means 450$ per month
means 5400$ per year
zatsit
gross income means income thats including expenses
your gross income is 5400$ per year
net income is 5400$-your expenses=$$$

Yeah, I dropped the ball on that one. Now I’ll dig myself deeper and say that unless there are weird rules at this job, they still aren’t going to make deductions on a daily basis.

At 15 bucks a day they would fire me the first day cause for that money I would show up then take a break for the day :stuck_out_tongue: so my gross pay would be $15

Yeah, $15.00 a day isn’t a lot. I tip more than that when I’m eating at a restaurant and find a bug in my soup.

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