what is salary pay
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What is the difference between a salary and a wage? Salary is paid notwithstanding the amount of hours to usually Management employees. <br /> He gets paid $10 per hour. (wage) <br /> He gets paid $600 a week. (Salary) <br /> He gets paid a salary of $4,500 per month. <br /> His wages, with all the hours he works, totals an average pay of $4,500 a month.
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- A Wage is, as mentioned, an amount paid per hour. A salary is a fixed amount of pay per week or month (usually paid semi-monthly). A yearly pay is known as an annual amount or annual pay. Minimum wage as of July 15, 2009, is $7.25 per hour.Salary is paid notwithstanding the amount of hours to usually Management employees.He gets paid $10 per hour.age usually refers to an hourly rate, and salary to 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.
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What is the difference between a salary and a wage? A Wage is, as mentioned, an amount paid per hour. A salary is a fixed amount of pay per week or month (usually paid semi-monthly). A yearly pay is known as an annual amount or annual pay. Minimum wage as of July 15, 2009, is $7.25 per hour.Salary is paid notwithstanding the amount of hours to usually Management employees. wage is better because you get paid for how many hours you work, while, with a salary, you get a set amount of payment. An example of a job that gets a salary is a teacher. It doesn't matter how much homework they grade over weekends and vacations, they get the same amount of money.
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- Base Pay. An employee's base pay is the fixed compensation received by that worker for fulfilling the roles related to his job. A worker's base pay is generally expressed in terms of what the worker can earn in one year, what he earns in one hour or what is earned over the course of the job, for temporary positions.If employees sign contracts for a $50,000 annual salary, that is what they will earn over the course of the year.alary pay usually means that a worker earns a fixed amount agreed on between him and his employer. This amount can be affected by work performance and worker responsibilities. While salary pay is generally for full-time workers, part-time employees can earn a pro rata salary.
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- Salary is a regularly paid amount of money, constituting all or part of an employee's wages, paid on a weekly or less frequent basis, that is not subject to reduction due to the quality or quantity of work performed. This is the general definition in federal law (29 CFR 541.118).
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Definitions &Translations Freebase(2.20 / 5 votes)Rate this definition: Salary. A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis.
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- Definition. The starting salary is the amount of money your employer will compensate you during your first days, weeks or months of employment. There is no law regarding how soon after you begin employment that your employer must give you a raise.ome employers ask applicants to provide their salary requirements when applying for a job. If the employee's desired salary is far higher than the employer intends to pay, the employer will likely not consider that candidate for the position.
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- Your annual salary is the amount that you will get paid in a year assuming you work the entire year at that salary. For example, if you are paid semi-monthly (such as US military pay, 1st and 15th of each month), and your annual salary is $24,000, your gross paycheck (before taxes) will be $2,000.
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What is a 'Base Pay' Base Pay. What is a 'Base Pay'. Base pay is the initial rate of compensation an employee receives in exchange for services. It excludes extra lump sum compensation such as bonuses or overtime pay, as well as benefits and raises. An employee's base pay can be expressed as an hourly rate or as a weekly, monthly or annual salary.
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- Your salary is an expressed amount of pay that you receive weekly or less frequently, such as $600 weekly or $1,500 biweekly. Wages are based upon your hourly rate, such as $9 per hour; in this case, your pay is based on the number of hours you work during the pay period.f there’s a leap year, which occurs every four years, divide the annual salary by 366 days instead of 365. Divide the number of work hours in the day by your daily rate to arrive at your hourly wage. For example, $164.38/8 hours = $20.55 an hour.
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base salary Base salary is a fixed amount of money paid to an employee by an employer in return for work performed. Base salary does not include benefits, bonuses or any other potential compensation from an employer. Base salary is paid, most frequently, in a bi-weekly paycheck to an exempt or professional employee. In most years, an employee's base salary is paid in 26 even paychecks over the course of the year.
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Salary In accounting, salaries are recorded in payroll accounts. Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary. general rule for comparing periodic salaries to hourly wages is based on a standard 40 hour work week with 50 weeks per year (minus two weeks for vacation). (Example: $40,000/year periodic salary divided by 50 weeks equals $800/week.
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How Does a Salary Range Work? Updated October 13, 2016. Salary range is the range of pay established by employers to pay to employees performing a particular job or function. Salary range generally has a minimum pay rate, a maximum pay rate, and a series of mid-range opportunities for pay increases.
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- wages and salaries are the compensation that workers and employees get in exchange for their labor the difference between a salary and wage is that a salary is paid periodically while wages are commonly paid per unit mostly per working hourhe bureau of labor statistics also compiles average wage data for large occupational groups in 2009 the average annual salary for elementary school teachers was 53150 u s dollars
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The Differences Between Base Pay & Annual Pay Base Pay. Base pay is a term that generally describes the minimum compensation that you can expect to make on your job. Base pay can be expressed in terms of an hourly rate of pay, such as $10.15 per hour, or it can be expressed in a number of other different forms.If you work on a salary basis, your base pay may be expressed as a monthly figure such as $4,000 per month, or on a yearly basis as $48,000 per year.f you work on a salary basis, your base pay may be expressed as a monthly figure such as $4,000 per month, or on a yearly basis as $48,000 per year.
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What Does a Paid Salary Mean? According to the U.S. Department of Labor, when an employee is paid on a salary basis, this means essentially that she receives regular pay on a regular basis, and that this amount doesn't fluctuate in regard to the quality or quantity of work actually performed.
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- Salary payments. An annual salary is an agreement about the amount of pay for work over a 12 month period. They are often included in employment contracts. An employer and employee can agree that an annual salary covers entitlements like: 1  minimum weekly wages. 2  penalties. 3  overtime. 4  allowances.5  annual leave loading.n annual salary is an agreement about the amount of pay for work over a 12 month period. They are often included in employment contracts.
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- to put off doing (something unpleasant or burdensome) until a future time; esp., to postpone (such actions) habitually. ; from Classical Latin procrastinatus, past participle of procrastinare; from pro- , forward (see pro-) + crastinus, belonging to the morrow; from cras, tomorrow. Origin of procrastinate.o put off doing (something unpleasant or burdensome) until a future time; esp., to postpone (such actions) habitually. ; from Classical Latin procrastinatus, past participle of procrastinare; from pro- , forward (see pro-) + crastinus, belonging to the morrow; from cras, tomorrow. Origin of procrastinate.
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Salary and Salary Requirements of Job Candidates Human Resources. Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is paid, most frequently, in a bi-weekly paycheck to an exempt or professional employee. In most years, an employee's salary is paid in 26 even paychecks over the course of the year.
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base salary Base salary is a fixed amount of money paid to an employee by an employer in return for work performed. Base salary does not include benefits, bonuses or any other potential compensation from an employer.Base salary is paid, most frequently, in a bi-weekly paycheck to an exempt or professional employee.ase salary is a fixed amount of money paid to an employee by an employer in return for work performed. Base salary does not include benefits, bonuses or any other potential compensation from an employer. Base salary is paid, most frequently, in a bi-weekly paycheck to an exempt or professional employee.
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- A salary is the amount that an employee receives in exchange for working over a specific period of time without regard for the precise number of hours worked. For example, an employee with a monthly salary of $2,000 would receive $2,000 that month whether the employee worked 160 or 200 hours.
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- Most monetary components of compensation are quoted as either a salary or a wage. A salary is the amount that an employee receives in exchange for working over a specific period of time without regard for the precise number of hours worked.ost monetary components of compensation are quoted as either a salary or a wage. A salary is the amount that an employee receives in exchange for working over a specific period of time without regard for the precise number of hours worked.
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Definitions &Translations Here are all the possible meanings and translations of the word Salary. Princeton's WordNet(3.00 / 1 vote)Rate this definition: wage, pay, earnings, remuneration, salary(noun) something that remunerates. wages were paid by check; he wasted his pay on drink; they saved a quarter of all their earnings.
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- Basic Salary definition. Basic salary is the amount paid to an employee before any extras are added or taken off, such as reductions because of salary sacrifice schemes or an increase due to overtime or a bonus.llowances, such as internet for home-based workers or contributions to phone usage, would also be added to the basic salary. This compares with gross salary and net salary. Companies also use the term cost to company, which refers to the total cost to the company of employing someone.
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What is Crohnâs Disease? Named after Dr. Burrill B. Crohn, who first described the disease in 1932 along with colleagues Dr. Leon Ginzburg and Dr. Gordon D. Oppenheimer, Crohn’s disease belongs to a group of conditions known as inflammatory bowel diseases (IBD).
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What is the difference between a salary and a wage? A salary is a fixed amount of pay per week or month (usually paid semi-monthly). A yearly pay is known as an annual amount or annual pay. Minimum wage as of July 15, 2009, is $7.25 per hour. Salary is paid notwithstanding the amount of hours to usually Management employees.age usually refers to an hourly rate, and salary to 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.