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 List your yearly salary. 2  If you were an exempt, salaried worker in any of your previous positions, state your salary history on your job application by indicating how much you earned per year. 3  Include both your starting and ending salaries on the job application. 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.