| Author |
Message |
Mike Lyle
Guest
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| Posted: Wed Nov 24, 2004 12:07 am
Post subject: Re: Residual income |
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Skitt wrote:
| Quote: | Mike Lyle wrote:
Skitt, with a pension like that you're lucky -- or highly
incorruptible -- to have escaped a cocaine habit in your employed
years!
A pension like what? And about that cocaine habit I should have
had?
I'm afraid I don't follow. Highly incorruptible? That depends on
the meaning of "highly".
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Well, you did put a figure on it, or I wouldn't have intruded!
Mike.
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Skitt
Guest
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| Posted: Wed Nov 24, 2004 12:08 am
Post subject: Re: Residual income |
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Mike Lyle wrote:
| Quote: | Skitt wrote:
Mike Lyle wrote:
Skitt, with a pension like that you're lucky -- or highly
incorruptible -- to have escaped a cocaine habit in your employed
years!
A pension like what? And about that cocaine habit I should have had?
I'm afraid I don't follow. Highly incorruptible? That depends on
the meaning of "highly".
Well, you did put a figure on it, or I wouldn't have intruded!
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Figure? The 401k? That's not a figure; that's a type of retirement savings
plan.
http://www.irs.gov/retirement/article/0,,id=108945,00.html
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Mike Lyle
Guest
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| Posted: Wed Nov 24, 2004 12:08 am
Post subject: Re: Residual income |
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Skitt wrote:
| Quote: | Mike Lyle wrote:
Skitt wrote:
Mike Lyle wrote:
Skitt, with a pension like that you're lucky -- or highly
incorruptible -- to have escaped a cocaine habit in your
employed
years!
A pension like what? And about that cocaine habit I should have
had? I'm afraid I don't follow. Highly incorruptible? That
depends on the meaning of "highly".
Well, you did put a figure on it, or I wouldn't have intruded!
Figure? The 401k? That's not a figure; that's a type of
retirement
savings plan.
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Yeah, I figured; but it was too good to miss. As they say, cocaine is
God's way of telling you you've got too much money.
Mike.
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Evan Kirshenbaum
Guest
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| Posted: Wed Nov 24, 2004 6:01 am
Post subject: Re: Residual income |
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"Skitt" <skitt99@comcast.net> writes:
| Quote: | Seeing as how big companies pay their help, professional and other,
weekly or bi-weekly, what would be the more usual usage, huh? Very
few of the people I know have a monthly paycheck.
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I've never gotten a biweekly check from HP. It's always been semi-
monthly.
--
Evan Kirshenbaum +------------------------------------
HP Laboratories |"Revolution" has many definitions.
1501 Page Mill Road, 1U, MS 1141 |From the looks of this, I'd say
Palo Alto, CA 94304 |"going around in circles" comes
|closest to applying...
kirshenbaum@hpl.hp.com | Richard M. Hartman
(650)857-7572
http://www.kirshenbaum.net/ |
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Skitt
Guest
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| Posted: Wed Nov 24, 2004 6:02 am
Post subject: Re: Residual income |
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Evan Kirshenbaum wrote:
| Quote: | "Skitt" writes:
Seeing as how big companies pay their help, professional and other,
weekly or bi-weekly, what would be the more usual usage, huh? Very
few of the people I know have a monthly paycheck.
I've never gotten a biweekly check from HP. It's always been semi-
monthly.
|
That's the other option. I don't really recall all of my wage payment
history. There was a short period when it wasn't weekly, but the rest of
the time it was. I'm pretty sure that during that short period when it
wasn't weekly, it was bi-weekly. The accounting was much simpler that way.
After a while of that, the union insisted that its members get paid weekly,
and so the salaried people, me included, were paid on the same schedule.
The pay for the salaried personnel sometimes got stated a bit differently --
as yearly pay, or monthly pay -- but the status paperwork always showed a
weekly rate.
To really get down to it, at Lockheed one might say that we had an hourly
rate, as far as overtime was concerned. Anything over 40 hours per week was
extra pay. Nice, eh?
I understand that these days our young computer dudes are expected to put in
all kinds of hours at no extra pay. Yes, they come in late, but quite often
they stay well into the night. Me, I started early and went home in
mid-afternoon. I liked it that way.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Tony Cooper
Guest
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| Posted: Wed Nov 24, 2004 6:02 am
Post subject: Re: Residual income |
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On Tue, 23 Nov 2004 19:57:33 -0000, "Mike Lyle"
<mike_lyle_uk@REMOVETHISyahoo.co.uk> wrote:
| Quote: | Tony Cooper wrote:
On Tue, 23 Nov 2004 10:32:12 -0800, "Skitt" <skitt99@comcast.net
wrote:
Murray Arnow wrote:
"Skitt" wrote:
Seeing as how big companies pay their help, professional and
other,
weekly or bi-weekly, what would be the more usual usage, huh?
Very
few of the people I know have a monthly paycheck.
You may know more people than you think who get paid
monthly--universities typically pay by the month.
OK, I didn't count all the people I "know" through this newsgroup;
still, the general numbers must be as I mentioned. There are more
Indians than there are Chiefs, I think.
Still, "take home" seems a bit time clock and lunch bucket to work
to
me. It seems like something someone would say when they had a week
with a lot of overtime: "My take home was up this week, so I think
I'll buy me a new pair of steel-toe work shoes."
The British know no such anachronistic class divisions:
|
Well, the Brits are well known for not practicing class distinction.
| Quote: | I think
pretty well everybody here refers to their "take-home pay" from time
to time, whether they receive it in a brown envelope every week or it
gets paid straight into the bank every month.
|
I thought "brown envelopes" is a code for a back-hander. It is used
as such in soc.culture.irish.
| Quote: | I was intrigued by Areff's "semi-weekly": does it mean "every
semi-week", like every three days or so? or only "half of weekly",
that is, arguably, every other week?
|
I'm surprised the "bi-" and "semi-" terms haven't come up here before.
They are misleading terms, to say the least.
Some companies pay employees every other Friday. We call this
bi-weekly. Some companies pay employees on the 1st and the 15th of
every month. We call this "semi-monthly". Weekly is weekly.
I'm sure there are companies that pay on alternate Thursdays or on the
5th and the 20th, but the above are pretty standard. |
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don groves
Guest
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| Posted: Wed Nov 24, 2004 6:03 am
Post subject: Re: Residual income |
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In article <30hdouF2upk69U1@uni-berlin.de>, Skitt at skitt99
@comcast.net exposited:
| Quote: | Spehro Pefhany wrote:
don groves wrote:
Tony Cooper exposited:
"Skitt" wrote:
It would not be a normal usage here. What you are talking about
would simply be called "net income". That's net after taxes and
deductions. Usually, just called the "net".
"Take-home", actually. Usually. In AmE usage.
I wouldn't say "take-home" is right and "net" is wrong. "Take-home"
to me, is a blue collar term used by people that punch time clocks.
"I netted over 100 K last year" would used instead of "My take-home
was over 100 K" for those in that bracket. People who talk about
"take-home" are talking about a weekly or bi-weekly check. People
who refer to their net are talking income figures.
Take-home pay and net pay are not always the same anyway. Take-
home pay can be less than net pay if one has a deduction for a
charity, for example, or a savings account.
Even when they should be the same, the net is often more than the
take-home. The deduction tables tend to err on the side of giving the
government a bit extra so that they can send out a refund
cheque/check.
Not for me. You see, withholding is adjustable, and I adjusted it all the
time to stay out of the lending-to-the-government-interest-free business.
It's all in the "exemptions claimed" (not "dependents") part, and, within
reason (as judged by the IRS), it is perfectly legal.
I did eventually get in trouble one year when I claimed an excessive amount
and stopped all federal tax deductions for a part of the year, but I still
got money back from the IRS (tax credit for a solar water heating system was
involved). They caught up with me a couple of years later and blacklisted
me, not allowing any drastic exemption changes without their approval, but
the horse was already out of the barn.
I have sparred with the IRS twice, and won both times. It took time,
though.
|
Please tell us what worked. Was it the jab, the uppercut, or just
fancy footwork?
--
dg (domain=ccwebster) |
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R H Draney
Guest
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| Posted: Wed Nov 24, 2004 12:04 pm
Post subject: Re: Residual income |
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Tony Cooper filted:
| Quote: |
I'm surprised the "bi-" and "semi-" terms haven't come up here before.
They are misleading terms, to say the least.
Some companies pay employees every other Friday. We call this
bi-weekly. Some companies pay employees on the 1st and the 15th of
every month. We call this "semi-monthly". Weekly is weekly.
I'm sure there are companies that pay on alternate Thursdays or on the
5th and the 20th, but the above are pretty standard.
|
Used to get paid on the 7th and 22nd...along about 1980 that employer switched
to a fortnightly schedule...most noticeable effect was that some calendar months
(the division preferred by landlords and utility companies) had three
paydays....
Current employer does the same, and at one time everyone who worked in our
office knew which months would have a third payday...the idea of "twenty-six
paydays per year" had the force of a Law of Nature; things like accrued vacation
time assumed it...Fridays that we got paid were different in a fundamental way
from "off" Fridays...the bosses even brought in fresh bagels on the Wednesday
before a payday...I printed wall calendars with a fourteen-day "week" to make
the distinction obvious....
Then came 1988, with 53 Fridays, 27 of them paydays...the world crumbled a bit
that year....r |
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R J Valentine
Guest
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| Posted: Wed Nov 24, 2004 12:05 pm
Post subject: Re: Residual income |
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On 23 Nov 2004 18:58:49 GMT Areff <me@privacy.net> wrote:
....
} I think I posted something not long ago about how it seemed that getting
} paid bimonthly was the norm, but my current j*b pays on a semiweekly
} basis, which strikes me as kind of retro.
Is that Oy!-bait or what.
Where's Donna when you need her?
--
R. J. Valentine <mailto:rj@smart.net> |
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Mike Lyle
Guest
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| Posted: Wed Nov 24, 2004 6:05 pm
Post subject: Re: Residual income |
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Tony Cooper wrote:
| Quote: | On Tue, 23 Nov 2004 19:57:33 -0000, "Mike Lyle"
mike_lyle_uk@REMOVETHISyahoo.co.uk> wrote:
[...]>> The British know no such anachronistic class divisions:
Well, the Brits are well known for not practicing class
distinction. |
Glad you're with me on that.
| Quote: |
I think
pretty well everybody here refers to their "take-home pay" from
time
to time, whether they receive it in a brown envelope every week or
it
gets paid straight into the bank every month.
I thought "brown envelopes" is a code for a back-hander. It is
used
as such in soc.culture.irish.
|
Yes; but I enjoyed the notion that when I worked in a factory the
weekly pay-packet was brown. I may, OT, have mentioned before the
interesting sociological observations I made at the time. It was
strict etiquette, at least in that part of Somerset, that you did
_not_ open your packet at the "pay parade": to do so would have been
taken as a sign of distrust. Similarly, married men were not to open
their packet _at all_: they had to take it home and give it to their
wives to open. It was also regarded as "low" behaviour to ask the
foreman for overtime: that was considered "asking for money", and you
had to show you trusted the foreman to allot extra hours equally.
| Quote: |
I was intrigued by Areff's "semi-weekly": does it mean "every
semi-week", like every three days or so? or only "half of weekly",
that is, arguably, every other week?
I'm surprised the "bi-" and "semi-" terms haven't come up here
before.
They are misleading terms, to say the least.
[...] |
And it occurs to me to wonder if very Orthodox Jewish employers offer
to pay their workers daily, as I think the Bible prescribes.
Mike. |
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JC Dill
Guest
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| Posted: Thu Nov 25, 2004 12:05 am
Post subject: Re: Residual income |
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On Mon, 22 Nov 2004 04:40:08 GMT, Tony Cooper
<tony_cooper213@earthlink.net> wrote:
| Quote: | Both the original commission and residual income could be considered
commissions, but the normal usage of "commission" is a percentage or
amount based on the original sale. The term "residual income" is used
to indicate that there will be a continuing commission for that sale.
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The residual income could be considered a continuing commission on a
continuing sale (i.e. the policy is renewed).
jc |
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Skitt
Guest
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| Posted: Thu Nov 25, 2004 12:07 am
Post subject: Re: Residual income |
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don groves wrote:
| Quote: | Skitt exposited:
I have sparred with the IRS twice, and won both times. It took time,
though.
Please tell us what worked. Was it the jab, the uppercut, or just
fancy footwork?
|
Good defense and persistence. Using their own methods to my advantage.
That, and my smarts.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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don groves
Guest
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| Posted: Thu Nov 25, 2004 12:10 am
Post subject: Re: Residual income |
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In article <30k1jhF31kllmU1@uni-berlin.de>, Skitt at skitt99
@comcast.net exposited:
| Quote: | don groves wrote:
Skitt exposited:
I have sparred with the IRS twice, and won both times. It took time,
though.
Please tell us what worked. Was it the jab, the uppercut, or just
fancy footwork?
Good defense and persistence. Using their own methods to my advantage.
That, and my smarts.
|
With your record, you could do some lucrative part-time
consulting during tax season.
--
dg (domain=ccwebster) |
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Skitt
Guest
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| Posted: Thu Nov 25, 2004 12:10 am
Post subject: Re: Residual income |
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don groves wrote:
| Quote: | Skitt exposited:
don groves wrote:
Skitt exposited:
I have sparred with the IRS twice, and won both times. It took
time, though.
Please tell us what worked. Was it the jab, the uppercut, or just
fancy footwork?
Good defense and persistence. Using their own methods to my
advantage. That, and my smarts.
With your record, you could do some lucrative part-time
consulting during tax season.
|
I've done a little of that, but it was for free. (Taking no risks, you
see.)
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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don groves
Guest
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| Posted: Thu Nov 25, 2004 12:10 am
Post subject: Re: Residual income |
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In article <30k859F326bjgU1@uni-berlin.de>, Skitt at skitt99
@comcast.net exposited:
| Quote: | don groves wrote:
Skitt exposited:
don groves wrote:
Skitt exposited:
I have sparred with the IRS twice, and won both times. It took
time, though.
Please tell us what worked. Was it the jab, the uppercut, or just
fancy footwork?
Good defense and persistence. Using their own methods to my
advantage. That, and my smarts.
With your record, you could do some lucrative part-time
consulting during tax season.
I've done a little of that, but it was for free. (Taking no risks, you
see.)
|
I've thought of doing some of that too but in Ah!regon we must
pass a state-mandated test to assist others in tax matters, even
pro-bono. Too much trouble, though it's a good idea.
--
dg (domain=ccwebster) |
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