Salary question

[Qacer]

A friend of mine recently received a job offer. The annual salary is supposed to be about $68500. In her letter, it says that her bi-weekly salary is $2600. But somehow $2600 * 2 * 12 does not add up to $68500.

I initially thought that $2600 was what she would get after taxes, insurance, and 401k, but I realized that this is a job offer letter. How would they know her tax status and insurance benefits options?

Any thoughts?

Hopefully, she was able to contact the HR person to get some answers, but I thought I'd post it here just to get others' opinion.

I still think she got a pretty damn good offer for an entry level position.

 

[E equals MC2]

what position is she in?

[edit]
oh yea, simply straighten it out with the HR. She must've signed an offer letter where her salary is defined. Read the actual language and see how that is in line with what's she's getting paid.

 

[Qacer]

Originally posted by: E equals MC2
what position is she in?

Does it matter? She's in computer science or computer engineering. I can't exactly remember. Some computer <blank> degree.

 

[SearchMaster]

Biweekly is every two weeks, or 26 pay periods. Still doesn't quite add up to the target salary though.

 

[CptCrunch]

2600 * 26 is 67500, or close to the quoted salary, remember, 52 weeks a year, or 26 bi-weekly paychecks a year

 

[Mxylplyx]

Your assuming exactly 4 weeks in a month. Your missing 2 paychecks, as there are 52 weeks in a year, not 48. Regardless, that adds up to 67600, so she's getting shorted $900 .

 

[HannibalX]

Thats a difference of 900/year. I wouldn't worry about it and just take the job.

 

[purbeast0]

Originally posted by: Qacer
A friend of mine recently received a job offer. The annual salary is supposed to be about $68500. In her letter, it says that her bi-weekly salary is $2600. But somehow $2600 * 2 * 12 does not add up to $68500.

lol

2600 * 2 * 12 also does not add up to a year salary on a biweekly payment plan.

 

[HomeBrewerDude]

You can't really have a discussion until you are able to say what the offer was.

however, your math is bad... there are 26 (not 24) two week periods in a year.

 

[spidey07]

how the hell did she get her degree if she can't multiply!!!!!!

If the offer letter doesn't match what was agreed upon then just bring it up and have them change it.

 

[IceBergSLiM]

I can tell either of you didn't think this through.

 

[Epic Fail]

68500/365.25*14=2625.60

short a little, but you weren't giving exact figures.

BTW, OP fails at math.

 

[darkxshade]

he said *about* 68500 so I'm guessing he's off by a grand so 26*2500 is probably what his friend is getting.

 

[rh71]

counter-offer with $70k to be honest.

 

[3NF]

Originally posted by: CptCrunch
2600 * 26 is 67500, or close to the quoted salary, remember, 52 weeks a year, or 26 bi-weekly paychecks a year

Maybe the $1,000 difference is some sort of bonus

OP - You're fired. You failed grade school math.

 

[KLin]

Originally posted by: yamadakun
68500/365.25*14=2625.60

short a little, but you weren't giving exact figures.

BTW, OP fails at math.

His friend's HR dept. fails at math, not the OP.

 

[ViviTheMage]

OPs math is hilarous.

 

[zebano]

I need to point out that there are actually 365 or 366 days in a year. This means that most years you have 26 2 week periods + 1 more day, and on leap years you have 26 two week periods + 2 days. You need to pro-rate those 1 or two days in to be exact.

 

[3NF]

It would be much easier if they just paid you monthly ...

 

[Qacer]

Hahah.. I am stupid for assuming that there are 4 weeks in each month. That's my mistake. Anyway, $900 short is still a lot.

 

[rh71]

Originally posted by: Qacer
Hahah.. I am stupid for assuming that there are 4 weeks in each month. That's my mistake. Anyway, $900 short is still a lot.

Wait till uncle sam has his say too...

 

[Epic Fail]

Originally posted by: KLin

Originally posted by: yamadakun
68500/365.25*14=2625.60

short a little, but you weren't giving exact figures.

BTW, OP fails at math.

His friend's HR dept. fails at math, not the OP.

The math was done by the OP, OP and friend were only given $68500 yearly salary and $2600 biweekly salary which match up closely.

BTW, you fail at readng.

 

[Qacer]

Originally posted by: 3NF

Originally posted by: CptCrunch
2600 * 26 is 67500, or close to the quoted salary, remember, 52 weeks a year, or 26 bi-weekly paychecks a year

Maybe the $1,000 difference is some sort of bonus

OP - You're fired. You failed grade school math.

I like math. My assumptions were wrong, but the math is correct.

 

[Zenmervolt]

Originally posted by: Qacer
A friend of mine recently received a job offer. The annual salary is supposed to be about $68500. In her letter, it says that her bi-weekly salary is $2600. But somehow $2600 * 2 * 12 does not add up to $68500.

I initially thought that $2600 was what she would get after taxes, insurance, and 401k, but I realized that this is a job offer letter. How would they know her tax status and insurance benefits options?

Any thoughts?

Hopefully, she was able to contact the HR person to get some answers, but I thought I'd post it here just to get others' opinion.

I still think she got a pretty damn good offer for an entry level position.

There are 26 pay periods in a year (52 weeks, divided by 2). You're only counting 24 pay periods. Still, that only brings it to $67,600 so there's still $900 "missing", but it's probable that you were rounding when you said $2,600 biweekly.

Her biweekly gross pay for an annual salary of $68,500 should be $2,634.62 using standard rounding rules.

ZV

 

[KLin]

Originally posted by: yamadakun

Originally posted by: KLin

Originally posted by: yamadakun
68500/365.25*14=2625.60

short a little, but you weren't giving exact figures.

BTW, OP fails at math.

His friend's HR dept. fails at math, not the OP.

The math was done by the OP, OP and friend were only given $68500 yearly salary and $2600 biweekly salary which match up closely.

BTW, you fail at readng.

lol I do. I shall commit seppuku now.