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Salary is best associated with employee compensation quoted on an annual basis. Wages is best associated with employee compensation based on the number of hours worked multiplied by an hourly rate of pay.
Wiki User
∙ 15y ago
Wiki User
∙ 16y agoSalary workers tend to get better benefits. They also get paid time off, which isn't always true for hourly workers. They don't have to punch a time clock. And the salary is a fixed amount every pay period, which makes it easier to set a budget. Usually people checking credit prefer to see a salary, which provides a consistant pay check without any fluctuations due to schedules changes and illness, etc. On the plus side, hourly workers get paid for overtime.
Wiki User
∙ 9y agoSalaries and wages are important because it determines how much money one makes. The more you make, the more serious you will take your job.
Wiki User
∙ 10y agosalaries & wages expense are referenced on the balance sheet
Wiki User
∙ 11y agomoney is life
Wiki User
∙ 11y agoBecause it isn't the 1800's anymore
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What is the difference between direct and indirect wages and salaries?
direct wages\salaries would be wages received from primary form of employment such as your paycheck. indirect wages\salaries would be from 1099 or contract employment or tips and things like that, any other form of wage of anykind.
What is the purpose of doing the calculation Beginning salaries and wages payable PLUS Salaries and wages expense MINUS cash payments to employees EQUALS Ending salaries and wages payable?
The main purpose of this calculation is to find the salary and wages payable liability to show in the liability side of the balance sheet.
What is a 8 letter word for wages?
salaries
Examples of revenue expenditure?
wages and salaries
3 similarities between wages and salaries?
Ok
What is concept of wages?
Wages are a payment for services of labour whether mental or physical,wages includes fees, commission and salaries
Where and how do people receive their wages?
Wages are the same thing as salaries, the checks or payment you receive when you have a job.
Is wages and salaries expense a debit or credit?
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
What is the largest source of income for us households?
Wages and salaries
What is fringe benefit?
A payment other than wages or salaries
The largest functional share of the national income consists of?
wages and salaries
What is the largest source of earned income for US households?
Wages and salaries
