Whats the difference between salary and wages?

Whats the difference between salary and wages?

Sure, here's the difference between salary and wages:

Salary:

  • A fixed amount of money paid to an employee by an employer on a regular basis.
  • It is typically paid in advance and is not affected by performance.
  • It is often used for taxes and social security contributions.

Wages:

  • The total amount of money earned by an employee during a specific period of time, typically a month or quarter.
  • It includes the salary, overtime pay, bonuses, and other forms of compensation.
  • Wages are typically paid on a weekly or biweekly basis.

In summary, the salary is a fixed amount of money paid to an employee, while the wages are the total amount of money earned by an employee during a specific period of time.

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