a lot more? I am wondering how this is perceived, because of a conversation I had recently with a friend who lumped the two together, as if they were equivalently low amounts. $14 is nearly three times $5, but in dollars, it's "only" $9 more, so to some, they may not seem far apart.
2006-12-21 14:48:37 · 7 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
Actually, it is a huge difference if you compare based on a full time job working 2000 hours in a year.
$5 x 2000 =$10,000
$14 x 2000 = $28,000
It is a $18,000 a year difference in income spread over the calendar year.
2006-12-21 15:01:32 · answer #1 · answered by dawncs 7 · 0⤊ 0⤋
I can see your friend's point of view. If you make $5/hour and work 40 hour weeks, you will make $10,000 a year pre-tax and will qualify for public assistance which will put you around $30,000. If you make $14/hour, that's about $30,000 a year too. Really, what's the difference? After tax you have maybe $18,000 left to live on. Neither wage is above the poverty line.
2006-12-21 23:05:18 · answer #2 · answered by Madame 4 · 0⤊ 0⤋
i don't get the question but 14 is more than 5 but 5 probably works harder than 14
2006-12-21 22:57:09 · answer #3 · answered by marion r 3 · 0⤊ 1⤋
I would say $14 is "much" more.
2006-12-21 22:56:25 · answer #4 · answered by Anonymous · 0⤊ 1⤋
the more you are paid the more you are taxed.
but yeah it's a little more but it's not really a big difference.
it just depends on tax because they just tax your pay anyways.
2006-12-21 22:59:42 · answer #5 · answered by Millie 2 · 0⤊ 1⤋
if you make $100 an hour then that is right.
2006-12-21 22:56:33 · answer #6 · answered by Rockies VM 6 · 1⤊ 0⤋
Allot from a relative perspective. almost 3x.
2006-12-21 22:58:53 · answer #7 · answered by Anonymous · 0⤊ 1⤋