First year at Apple and not sure how it works, but I see people count it in their TC, so is it really that much? It says I can contribute at most 10% of my base (base is 180k) and they buy the stock at the lowest price of beginning and ending period (feb, aug.) with 15% discount. 1. Does it mean that they take exactly 18k every 6 months to buy stock? Or 18k over the year? 2. Do they take the amount after tax or before tax? Like if I'm at 33% tax rate, do they consider 12k (67% of the 18k) to buy stock with?
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The full amount will be deducted from your after tax salary. The amount to be deducted would be based on your base i.e 18k. And yes, it means 18k for the year.
Thanks