It's the same as why you wouldn't measure your weight in ounces, but neither would you weigh something very light in pounds - you want a convenient number which is easy to interpret. PC is short for parsec and it's a unit of measurement equal to 3,000,000,000,000,000,000 cm!
Take your annual covered earnings (the earnings on which you pay Social Security payroll taxes), multiply it by that year's index factor and you will obtain your indexed wage for each year you have worked. Next, add up all these indexed wages and divide them by 35 to determine your average wage.
1 Only list your salary history if they employer asks for it specifically. 2  It is not necessary to state your salary history on a job application if the company does not request it. 3  Providing your pay history on request only give your more room to negotiate your pay in the new position. It is not necessary to state your salary history on a job application if the company does not request it. 2  Providing your pay history on request only give your more room to negotiate your pay in the new position.