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A WAGE is a regular payment earned for work or services, typically paid on a daily or weekly basis. A SALARY fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee.

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Darrell Zboncak

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3y ago

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3 similarities between wages and salaries?

Ok


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.


Examples of revenue expenditure?

wages and salaries


What is a 8 letter word for wages?

salaries


What is difference between wages and salaries?

Salary slip is a piece of paper given to a person or employee, it state how much money he/she is being paid.Payroll is a list of people or employees being paid by company.


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 fringe benefit?

A payment other than wages or salaries


What is the largest source of income for us households?

Wages and salaries


What is the largest source of earned income for US households?

Wages and salaries