A salary is paid based on an annual figure and the salaried employee typically received the same paycheck every weeks, regardless of hours worked or performance. (Annual salary / 52 weeks = weekly paycheck.) A wage is paid based on the number of hours an emplyee works. (Hours worked in a given week * hourly rate = weekly paycheck.)
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wages are paid weekly and salaries are paid monthly. remember (w)ages= (w)eeks.
A wage is an hourly pay, while a salary is a fixed amount of money you get no matter how many hours you work.
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Wages and salary are taxed identically.
"Promotion wages ad salary administration?"
no difference
salary is meant for a period like month or a year but wages are paid daily. Many firms give full salary at the end of the month. with other benefits even you have 2 or 3 days vacant. but in wages cases some firms give it daily or at end of the week or at the end of the month. they cut wages/days in case of vacant.
There is essentially no difference in the function of a wage or salary slip. Wages are general paid by the hour and a salary is pay that is not based on hours.
Income - means wages or salary.
It is your salary or your wages.
Salary or wages
wages are refered to someone who is getting paid on a daily( or weekly) basis, whereas salary is something what you receive at the end of the month.
It would depend on: 1) What state you worked in, 2) Whether your state allowed unemployment for reduced wages/salary, 3) How much the wages/salary were reduced from the customary wages/salary you earned, and 4) If there were any kind of contract or written agreement/union involved.
Average hourly salary is $77.60 Average annual salary is $161,410
Money Income :- The income of a person is considered to be money income which is of his own disposal. eg - salary, wages, interest etc. Real Income :- The goods & services which a person buy from the money income is real income.