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How do you define your salary?

 
 
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PostPosted: Thu Sep 29, 2005 12:09 am    Post subject: How do you define your salary? Reply with quote

If you are self-employed, how do you define your salary? Do you define one or you just spend money based on your monthly income?
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paul
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PostPosted: Thu Sep 29, 2005 12:18 am    Post subject: Reply with quote

Until recently, I defined my salary by the profit my business made each month. However, since going Ltd., I now look at it different. I now draw money from the business as and when I need it, and the amount I draw in a given month is what I regard as my salary for that month.

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PostPosted: Thu Sep 29, 2005 12:20 am    Post subject: Reply with quote

paul wrote:
Until recently, I defined my salary by the profit my business made each month.

So you took a certain percept of it?
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PostPosted: Thu Sep 29, 2005 12:27 am    Post subject: Reply with quote

No, I talk all of the profits. The profits were my salary.

Paul
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