Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,150,711 members, 7,809,697 topics. Date: Friday, 26 April 2024 at 01:26 PM

How To Calculate Your New Salary Based On New National Minimum Wage: Photo - Career (3) - Nairaland

Nairaland Forum / Nairaland / General / Career / How To Calculate Your New Salary Based On New National Minimum Wage: Photo (111500 Views)

10 African Countries With The Highest Minimum Wage / Before You Accept That GROSS Salary, Here's Are Steps To Calculate Your Net Pay / Does New Minimum Wage Affect All Salary Earners? (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by feldido(m): 7:53am On Apr 23, 2019
It's simple.

Just multiply:

Old salary by 1.66666666666

Example: 18,000 X 1.66666666666= 30,000

25,000 X 1.66666666666= 41,666.67


Meaning the new minimum wage is 66.7% increase.
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by chygoz3(m): 7:53am On Apr 23, 2019
walex2:



so an increment from 18k to 30k is 67%? please work on your statistics. let me help you. 18000/30000* 18,000 will give you the percentage

Your calculation is wrong. Percentage increase is
((30000-18000)/18000) * 100
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by abbasajao(m): 7:56am On Apr 23, 2019
walex2:



so an increment from 18k to 30k is 67%? please work on your statistics. let me help you. 18000/30000* 18,000 will give you the percentage

Is you that need to work on your statistical skill.
Percentage increament= 12000/18000*100

1 Like

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Andyg: 8:00am On Apr 23, 2019
QuickStandard:
I doubt this your calculation.

The increment is 25% of your old salary.

So if your previous salary was 25,000.

Your new salary will 25% of 25,000 +(25,000)

= (25×25,000÷100)
=625,000/100
=6,250+25,000
=#31,250
Not true. base on ur calculatin, some one on 18,500 will earn 25*18500/100=
462500/100=
4625+18500=
23125 wich is below minimum wage
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by engrlarex(m): 8:00am On Apr 23, 2019
Ur mathematics teacher should be arrested.


30000/18000= 1.667
1.667-1= 66.7%. If u did mathematics in your jamb, that is the faster method to work on percentage.


walex2:



so an increment from 18k to 30k is 67%? please work on your statistics. let me help you. 18000/30000* 18,000 will give you the percentage

1 Like

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Nobody: 8:02am On Apr 23, 2019
femi4:
you are wrong, he's right
You mean the increment from 18k to 30k, which is 12k is 66.7%. go back to money in primary school mathematics book 4 and learn cost price and selling price formula. Which is increase/new price* 100
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by KBdownloads(m): 8:03am On Apr 23, 2019
See these stupid nigerians calculating rubbish up and down, who told u minimum wage must affect your salary? It will only affect you if you earn below 30k
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Nobody: 8:03am On Apr 23, 2019
abbasajao:


Is you that need to work on your statistical skill.
Percentage increament= 12000/18000*100
It is over 30k, the new price
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by femi4: 8:04am On Apr 23, 2019
Pandsho:

You mean the increment from 18k to 30k, which is 12k is 66.7%. go back to money in primary school mathematics book 4 and learn cost price and selling price formula. Which is increase/new price* 100
Don't fight it

Sp -cp/cp use google if in doubt

I pity the next generation of scholars this country is producing. He's even insulting me

1 Like

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by UtuokeAlcoholic: 8:05am On Apr 23, 2019
walex2:



I have done it for you up there is 40 percent increment and not 66.7 and do you still want to argue?
Guy are you serious or you are only talking in jest?

2 Likes

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Immarocks(f): 8:07am On Apr 23, 2019
please... does this increase include people working in private companies?
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by dbelovd(m): 8:08am On Apr 23, 2019
walex2:



so an increment from 18k to 30k is 67%? please work on your statistics. let me help you out and you must pay me . to calculate the increment is like this new minus old multiply by the old. therefore the percentage of increment is 30,000-18000 = 12,000. therefore 12,000\18, 000 = 0.4 percent incremental. please clap for me. the increment is 40 percent and not 67 percent





Lol!... You will need to do the calculation again o.

Even if you cut the fraction 12000/18000 to the lowest term you'll have 2/3 and that is 0.67
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Cool83(m): 8:10am On Apr 23, 2019
jujunaty:
Na wah for Nigerians and poor reasoning oh. Please who told u guys that your salary must increase if you already earn above minimum wage? Minimum wage simply means that no one should earn below 30k. Not that if u are earning 1 million already ur boss must increase it because minimum wage has increased.
chairman, no matter what you earn. new minimum wage will definitely be effected on your salary, minimum wage is the benchmark for calculating all the allowances, but there might be little reduction in percentage for the senior staff

1 Like

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Cantonese: 8:11am On Apr 23, 2019
mmb:

Thanks
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by EvilMetahuman: 8:16am On Apr 23, 2019
Officialgarri:
Let's assume this is true......

What's the essence of this long calculations. Simply calculate the percentage increase between 18k and 30k. Whatever the percentage increase is, multiply it by your current income......
abi o
na his type of teacher dey make student hate math with Irrelivant x and y
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Originakalokalo(m): 8:16am On Apr 23, 2019
asuustrike1:

I like this simple calculation

Thank you sir.
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by petersos(m): 8:17am On Apr 23, 2019
walex2:



so an increment from 18k to 30k is 67%? please work on your statistics. let me help you. 18000/30000* 18,000 will give you the percentage
You are wrong Mr Man.
divide the increase by the original number and multiply the answer by 100
The increment is 12000, while the original number is 18000. The man is correct bro

1 Like 1 Share

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Originakalokalo(m): 8:21am On Apr 23, 2019
GreatResearcher:


ur calculation became void d moment u mentioned dat non-existence bastard. Bro, dat mothafuker never existed.

If he doesn't exist, you should not be this pained.

Die first. You will know if he exists or not.
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Jdbrasco2: 8:23am On Apr 23, 2019
All things being equal, I agree with the OP. New salary = Current salary multipled by (5/3). That is a 40% increment. My justification is what i call "Mathematical Proportion".
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Predstan: 8:39am On Apr 23, 2019
Pandsho:


Simple mathematics. 30 is in the multiple of 3 if you agree. And you can find ten 3s in 30.
The old minimum wage is 18k where you can find six 3s - 60%
The increment is 12k which has four 3s - 40%.
So 40% is the increment,dont kill yourself with formula

Lol.. so 40percent of 18 is 12?

Are you saying 12/18 is 0.4 Bring out ur calculator bri

2 Likes

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Niceman4u(m): 8:39am On Apr 23, 2019
nullboss:
What a coagulation of sheer ignorance. You're are very demented. Forming pseudo intelluctual when you know nothing

easy o o! this ur anger induced grammar can send that guy to his early grave.
Men are not smiling!!
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by DisGuy: 8:52am On Apr 23, 2019
SMH ....so all these months or years NLC have been canvassing for a new minimum wage agreement, the actual workers or citizens on the streets didn't know the real details of what was being negotiated? The minimum wage negotiations unlike the previous one only affect those on the lower cadre not all workers

Make una dey read better newspapers and follow proper channels not social media noise
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by omeke12(m): 8:53am On Apr 23, 2019
walex2:



so an increment from 18k to 30k is 67%? please work on your statistics. let me help you. 18000/30000* 18,000 will give you the percentage
..
he is correct bro..it is 66.7% ..
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by skelewu404(m): 8:57am On Apr 23, 2019
easzypeaszy:
Will I say d dude is right or wrong
Example:
a = 18000
b = 30000
c = 18000
X = 18k X 30k / 18k = 30k
So if
a= 75k
b = 30k
c = 18k
Meaning My X = 75k X 30k / 18k = 125k

I don hammer....hahahahaha

But will dey agree to calculate it dis way or they will just add 13k to ur previous pay?
That won't mk sense sha
u hammer ontop 125k? poverty is disease well at least its legitimate money
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by tciro: 9:02am On Apr 23, 2019
Na wa ohh




jujunaty:
Na wah for Nigerians and poor reasoning oh. Please who told u guys that your salary must increase if you already earn above minimum wage? Minimum wage simply means that no one should earn below 30k. Not that if u are earning 1 million already ur boss must increase it because minimum wage has increased.

1 Like

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Mcanie: 9:08am On Apr 23, 2019
you need to know your basic and tax to know your new salary.

(40% of basic salary + previous basic - tax) + allowances - other deductions = new salary.

Previous salary =(previous basic - tax) + allowance - and other deductions.
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by ngkman: 9:08am On Apr 23, 2019
Chai... with all these una calculations and percentage wahala, me wey no like maths before don lost, abeg wetin una dey discuss,

1 Like

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by Magic1: 9:10am On Apr 23, 2019
walex2:



so an increment from 18k to 30k is 67%? please work on your statistics. let me help you out and you must pay me . to calculate the increment is like this new minus old multiply by the old. therefore the percentage of increment is 30,000-18000 = 12,000. therefore 12,000\18, 000 = 0.4 percent incremental. please clap for me. the increment is 40 percent and not 67 percent

Na wa for u o. You got the formula right but got the answer wrong. It’s 66.7%
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by urose93(f): 9:14am On Apr 23, 2019
walex2:



so an increment from 18k to 30k is 67%? please work on your statistics. let me help you. 18000/30000* 18,000 will give you the percentage
<

Bros, your statistical sence is appalling.
please just humble yourself and learn, don't proof more catholic than the Pope.

30k - 18k = 12k
%increase = 12/18*100
= 66.6666666%
=67%

1 Like

Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by tciro: 9:15am On Apr 23, 2019
To me this does not warrant long permutations
30,000-18,000 = 12,000
Current salary by mr A is 15,000
15,000+12,000 = 27,000
Or
30,000 - 18,000 = 12,000
12,000/18,000*100 =66.7
66.7/100*18000= 12,000
Current salary by mr A is 15,000
15,000+12000= 27,000
Na thesame thing
Re: How To Calculate Your New Salary Based On New National Minimum Wage: Photo by obstead200(m): 9:16am On Apr 23, 2019
Officialgarri:
Let's assume this is true......

What's the essence of this long calculations. Simply calculate the percentage increase between 18k and 30k. Whatever the percentage increase is, multiply it by your current income......
but it is not even true.

Buhari said it clearly that the salary increase would not necessarily be proportional, and it won't apply automatically to every civil servant.
Infact, in his words, only those not presently on the new minimum wage, and (by implication) including those whose present salary might place them at par with people junior in rank to them when the new minimum wage is effected should expect to benefit from the new wage, for now.

(1) (2) (3) (4) (5) (6) (Reply)

How Much Do Nurses Earn In Nigeria? / Sacked Pregnant Access Bank Cashier Collapses In Lagos After Receiving Letter / Telecommunications Professionals Zone

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 42
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.