Is salary and wage the same thing?

Answer 1

No, salary and wage are not the same thing. A salary is a fixed amount of money that an employer agrees to pay an employee per year, for doing a specific job. For example, someone is hired to be an bookkeeper and is paid $50,000/year. Wages usually refer to an hourly rate of pay, and therefore they are not fixed; they depend upon the number of hours worked. For example, a person could be hired to load trucks for $15/hour. If he works for 3 hours, he earns $45.