Dennis Mutinda
Mar 28
How find a basic salary?
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Mar 28
To find a basic salary, you will need to know the total salary package and any additional benefits or allowances that are included. Once you have this information, you can subtract any additional benefits or allowances to determine the basic salary.
For example, if an employee's total salary package is $50,000 per year and they receive an annual bonus of $5,000 and a housing allowance of $10,000, the basic salary would be calculated as follows:
Total salary package = $50,000
Annual bonus = $5,000
Housing allowance = $10,000
Basic salary = Total salary package - Annual bonus - Housing allowance
Basic salary = $50,000 - $5,000 - $10,000
Basic salary = $35,000
Therefore, the basic salary in this example would be $35,000 per year.
For example, if an employee's total salary package is $50,000 per year and they receive an annual bonus of $5,000 and a housing allowance of $10,000, the basic salary would be calculated as follows:
Total salary package = $50,000
Annual bonus = $5,000
Housing allowance = $10,000
Basic salary = Total salary package - Annual bonus - Housing allowance
Basic salary = $50,000 - $5,000 - $10,000
Basic salary = $35,000
Therefore, the basic salary in this example would be $35,000 per year.
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