salary calculations Archives

Dec 10, 2024

Sell to Cover

More than 7 in 10 tech companies now give their employees Restricted Stock Units (RSUs). These RSUs come with a big decision once they vest. Employees need to pick between two tax withholding methods: sell to cover or net shares withholding. Your choice between sell to cover RSU strategy and net shares can affect your financial position and tax obligations by a lot. This becomes a vital decision for employees who manage their RSU stock through platforms like Morgan Stanley StockPlan Connect. Making the wrong choice could lead to unexpected tax bills or missed chances to invest. This piece gets…

Dec 10, 2024

RSU Cost Basis

Tech companies and startups now commonly offer Restricted Stock Units (RSUs) as part of employee compensation packages. Many employees find it difficult to understand their RSU cost basis. This confusion often results in tax reporting errors and missed chances to plan finances better. The RSU cost basis plays a vital part in tax reporting and investment choices. Tracking multiple dates, values, and tax withholdings through different vesting periods can get complicated. These elements are the foundations of managing RSU compensation effectively. This piece walks you through RSU cost basis calculation step by step. You’ll learn to figure out your RSU…

Sep 06, 2024

12.50 an Hour is How Much a Year?

Comprehending how an hourly wage translates to annual income is crucial for many workers. For those earning $12.50 an hour, knowing the yearly equivalent helps with budgeting, financial planning, and assessing job offers. This rate falls above the federal minimum wage but varies in comparison to state minimums and living wage standards across different regions. The Stimulist team explores the annual earnings for someone making $12.50 an hour in this post. We break down the calculation process, compares this wage to various time periods, and examines how it stacks up against minimum wage and living wage benchmarks. By the end,…

Apr 24, 2024

$21 an Hour is How Much a Year in Salary?

In today’s fluctuating economy, understanding your financial standing is paramount. Among the many aspects to consider, your hourly wage plays a significant role. This article will explore what it means to earn 21 dollars an hour and how much it translates to yearly. Let’s dive into the details and break down the numbers. How Does an Hourly Wage Work? The first step to understanding your yearly earnings is to break down your hourly wage. If you’re earning $21 an hour, how does it translate into other units of time? What does this figure mean in terms of a weekly, monthly, or…