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Significant Jumps in Salary - Optional Essay?

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Junior | Next Rank: 30 Posts
Posts: 21
Joined: Fri Dec 14, 2012 4:43 am
GMAT Score:700
by gatortomba » Wed Jan 02, 2013 4:03 pm
Hello - I could use some advice. I've had significant jumps in my salary over the years.

Company 1:
2007 Starting Salary: 65,000
2008-2009 After Year 1: 75,000

Company 2:
My own business venture
2009 Starting Salary: 12,000
2010-2012 Ending Salary: 36,000 + 6,000 Bonus
Minimized Salary to avoid Income Tax
Sold Business in Aug 2012 - 6 digit selling price - Took advantage of low Capital Gains tax before next year.

Company 3:
2012 Starting Salary: 48,000 (first 5 months started as contract employee)
Current Salary: 60,000 (brought on FT)

Do you recommend reporting my up/down salary jumps?

Thanks!
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by Jim@StratusPrep » Sat Jan 05, 2013 9:48 am
Yes, the fact that you started your own company will show.
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