What is the difference between wages and salaries?

Answer 1

wages are what you get paid hourly for instance if you get paid like $6.00 per hour then if you work more then 40 hours in one week then you are entitled to overtime which is time and a half so after 40 hours you would then be making $9.00 per hour. salary is when you get 40 hours a week 80 hours every two weeks and even if you worked 112 hours you would only get paid for the 80 and vise versa if you only worked 60 hours you would still get paid for 80. so in this case you may get like $24,000 a year right so your employer would take this amount and divide it by 26 pay periods in a year and then by 80 hours in a pay period and this is your pay per hour. If you are given the choose between the two and you know that the job is very time consuming then it is more wiser to take an hourly pay then a salary pay. You will make up for everything with the Over time hours put in. Good Luck and Have Fun...Enjoy Life

Answer 2

Wages usually refers to per hour amounts. ($9.50 per hour) Salaries usually refers to a set amount of money that is paid to someone regardless of the amount of hours he\she actually works. ($300 per week) Certainly in the UK wages are usually paid weekly (possibly in cash) and salaries are paid monthly, by cheque or direct to a bank account.

Answer 3

Wage usually refers to an hourly rate, and salaryto a weekly or semi-honthly rate. So if a wage earner works 40 hours one week and 45 the next week, he gets paid more for the second week. A salaried worker works long enough to get the job done and usually gets the same pay every payday.