What does Minimum Annual Salary mean?

0 ⤊

What does Minimum Annual Salary mean?

2007-05-29 10:20:19 · 3 answers · asked by ? 5 in Business & Finance ➔ Taxes ➔ India

3 answers

My thought would be you are in a non-exempt position. If you only work 40 hours a week that would be your salary but if you put in OT it would be higher.

2007-05-29 10:24:12 · answer #1 · answered by Pengy 7 · 0⤊ 0⤋

It's the amount you're "guaranteed" during a year. Someone may have a "minimum annual salary" of $50,000 per year, with a potential for earning additional bonuses of $10,000.

2007-05-29 17:24:52 · answer #2 · answered by mhanley13 1 · 0⤊ 0⤋

The least amount you are allowed to make during a 12 month period (Gross not net)

2007-05-29 17:26:31 · answer #3 · answered by Rod 3 · 0⤊ 0⤋