legal definition salary
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Salary Law and Legal Definition Salary Law & Legal Definition. Salary is financial compensation an employee receives for performing the job, and part of an employee compensation package. Salary can be on an hourly, daily, weekly, monthly, or yearly basis.Salary may also include overtime pay, bonuses, and commissions.Laws governing payment of minimum wages and overtime may cover salaried employees.alary can be on an hourly, daily, weekly, monthly, or yearly basis. Salary may also include overtime pay, bonuses, and commissions. Laws governing payment of minimum wages and overtime may cover salaried employees.
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- Salary Outlook. Lawyers earned a median salary of $114,300 in 2013, according to the BLS. The best-paid lawyers earned more than $187,199, while the lowest-paid made less than $55,170. The highest earners worked in the metropolitan areas of San Jose, California, San Francisco and New York City.verage Lawyer Pay vs. Other Best Jobs. Lawyers earned an average annual salary of $131,990 in 2013, which is substantially more than any other occupation on our list of Best Social Service Jobs. In 2013, paralegals earned an average annual salary of $51,170.
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salary 1. 'salary'. Professional people such as teachers are usually paid a salary. Their salary is the total amount of money that they are paid each year, although this is paid in twelve parts, one each month.
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Lawyer Salary Considering the location of working. The location of the job plays a factor in the salary. For example, the annual salary for lawyers working in New York State is $145,400, while for those in New Jersey is $123,210.
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wage Possible contributory etymology from Old English wǣġe (meaning weight, as wages at times have been goods or coin measured on a scale). Noun . wage (plural wages) An amount of money paid to a worker for a specified quantity of work, usually calculated on an hourly basis and expressed in an amount of money per hour. Synonyms
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- This video shows how to install a snap ring into a bearing hub. Category. License.
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- Lawyer average salary is $105,021, median salary is $83,200 with a salary range from $20,800 to $2,000,000.Lawyer salaries are collected from government agencies and companies. Each salary is associated with a real job position. Lawyer salary statistics is not exclusive and is for reference only.awyer average salary is $105,021, median salary is $83,200 with a salary range from $20,800 to $2,000,000.
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Salary and Career Info for Estate Lawyers Salary Information. An attorney's income generally reflects experience, the size of the legal firm he or she works for and the location of the practice. The median yearly salary of lawyers in general was $115,820 as of May 2015, according to the U.S. Bureau of Labor Statistics. The median salary for all first-year full-time lawyers who had graduated in 2014 was $63,000, according to the National Association of Law Placement.
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- the average salary for lawyer jobs is $ 64000 average lawyer salaries can vary greatly due to company location industry experience and benefits this salary was calculated using the average salary for all jobs with the term lawyer anywhere in the job listing
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- Lawyers and Their Salaries. Lawyers, as what others would define them, are valued people in the community as they are responsible in providing legal assistance to clients. Legal issues may range from divorce, criminal matters, property rights, tax, and other significant issues that are relevant to the lives of people.
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Definitions &Translations A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.
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base salary 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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- law or medicine. Exempt computer employees may be paid at least $455* on a salary basis or on an hourly basis at a rate not less than $27.63 an hour. Being paid on a “salary basis” means an employee regularly receives a predetermined amount of compensation each pay period on a weekly, or less frequent, basis.
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wage (wāj) n. 1. A regular payment, usually on an hourly, daily, or weekly basis, made by an employer to an employee, especially for manual or unskilled work. 2. wages The price of labor in an economy. 3. often wages(used with a sing. or pl. verb) A fitting return; a recompense: the wages of sin.
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What is the difference between a salary and a wage? A 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. 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.
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Definitions &Translations A salary is a form of 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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What Is the Meaning of Gross Salary? Basic Definition. Gross salary is the term used to describe all of the money you’ve made while working at your job, figured before any deductions are taken for state and federal taxes, Social Security and health insurance. If you work more than one job, you’ll have a gross salary amount for each one.
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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. 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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Definition of Wages: Definition of Wages: Wages are remuneration paid to labor in return for the services rendered. Benham has defined the term wages in a restricted sense. According to him, a wage may be defined as a sum of money paid under contract by an employer to a worker in exchange for service rendered.
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Salary A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.alary is also determined by leveling the pay rates and salary ranges established by an individual employer. Salary is also affected by the number of people available to perform the specific job in the employer's employment locale.
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Dictionary Definition Damages - legal term referring to the financial compensation recoverable by reason of another's breach of duty; the money paid or awarded to a plaintiff Workers' compensation, to protect employees who have incurred work-related injuries. Example is the Radiation Exposure Compensation Act. Remuneration, such as a wage or salary to pay people for their work
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Lawyer Salary With regard to age and impact on salary for a Lawyer, a statistical average weighting (that is based on how salary varies by age and not for a specific job which may vary considerably) suggests these figures: £39,615 for a worker in their 20s, £51,763 (30s), £61,271 (40s) and £61,271 (50s).
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wage Legal Definition of wage. 1 : a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis —often used in plural.
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Statutory Net Pay Law and Legal Definition Statutory Net Pay Law and Legal Definition. Net pay is the amount an employee takes home after all deductions are made from their gross pay. Net pay defined in a statute is statutory net pay. Illinois Marriage And Dissolution Of Marriage Act, defines the net income of a person for the purpose of determining child support payments as the total of all income from all sources, minus the following deductions:
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What Does a Paid Salary Mean? Definition. 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.or example, if your business is closed for a holiday, you must still pay employees their full weekly salary despite the fact they didn't work on that holiday. According to the U.S. Department of Labor, however, you're not required to pay employees for weeks during which they perform no work.