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because they are two different things. a salary is a fixed amount of money that an employee will get, for example, £20,000 per year. other work, such as overtime will not affect the salary and the employee will receive the fixed amount regardless of any extra work he/she may have done. a wage is the amount of money that an employee will receive per hour, for example, £5 per hour. this means that the amount of money a person earns is based on the amount of time they spend working. overtime is included in this, and some employees may get about 50% more per hour doing over time.
Wiki User
∙ 12y ago
Wiki User
∙ 9y ago"Salary" is a word that comes form the Latin "salarium" which was money given to Roman soldiers to purchase salt.
Thus in modern English "salary" means a regular payment or wage given in return for work.
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What is the presidents salary called?
CompensationCompensation
What is your year salary?
Your years salary is called your gross salary
Is salary paid asset or liability?
It's neither assets nor liability if a salary is already paid, it's called expense. But a salary before the payment would be called liability and after the payment it is going to be called an expense
What is a clergyman's salary called?
stipend
Does annual salary mean monthly or yearly?
annual salary means yearly salary. It is also called P.A. which means per annum.
What is the money in your paycheck called?
It is your salary or your wages.
The presidents salary is called?
compensation
What is the meaning of salary notch?
If a person is bumped up to the next salary notch, they are given a raise in pay. A salary notch is a level of pay.
What is the vice presidents annual salary?
The President's salary is called compensation.
Money taken out of a salary for such things as taxes Medical insuranceand retirement funds are called?
Money taken out of a salary for such things as taxes, insurance, and retirement funds are called deductions.
What are expenses such as heat light and salary is called?
Salary is not an expense. -Please re-write so it makes a logical query.
What is consolidated salary?
It is a Gross salary which have no any deduction such as EOBI,PF,and medical. when it deduction from gross salary is called net salry. Regards,umar shahzad Gujjar M.COM
