salary Archives

Aug252022 by Paul LinusNo Comments

3 jobs with high pay and low entry requirements

Career

A college degree is one way to break into the upper income bracket levels, but it’s definitely not the only way. There are many jobs that don’t require a college degree, but actually offer the potential to earn a very decent living. The following are 3 jobs with high pay and low qualification requirements. Air Traffic Controllers Make Over $100K a Year Air traffic controllers are the people responsible to navigating traffic in the skies. Controllers follow strict procedures to keep air craft apart while en route to different locations around the world. The job can get very stressful because controllers are essentially in charge of preventing mid-air collisions which can be affected by several variables, such as weather, the number of air craft and system shortcomings. The a...

How to calculate taxes withheld from a paycheck

Business

The law requires employers to withhold income taxes from employees’ paychecks. The tax withheld depends on the type of tax. The employee can generally control federal income tax withholding because it is largely based on his filing status, income and number of allowances. However, the government sets the Social Security and Medicare tax amounts. Figuring payroll taxes can be confusing, but once the process is understood, the withholding can be determined. Federal Income Taxes on a Paycheck Use Form W-4 and the IRS withholding tax tables to determine federal income tax withholding. The filing status and number of allowances from are on the W-4. Then, use the withholding tax tables (Circular E) for the appropriate tax year to perform the calculation. If the employee has 10 or fewer...

3 Things That Could Be Compromising Your Financial Flexibility

Finance

Many people live from paycheck to paycheck, finding it difficult to survive in general and discovering it’s impossible to pay for unforeseen expenses. If this sounds familiar, you may be able to exert greater control over your financial Flexibility. Achieving that goal is often possible once you understand the things that could be making it harder to manage your finances effectively. A Lower-Than-Average Salary If you consistently work hard but find you hardly ever have enough income to pay the bills, it’s a good idea to do research and see if perhaps your employer is paying you less than it should for a hard day’s work. Determining that information could be difficult since people don’t usually like to discuss their salaries. Because of that reality, you may have trouble ge...