definition of wage
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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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Definitions &Translations Definitions for wages. Here are all the possible meanings and translations of the word wages. Princeton's WordNet(0.00 / 0 votes)Rate this definition: wages, reward, payoff(noun) a recompense for worthy acts or retribution for wrongdoing. the wages of sin is death; virtue is its own reward. wages(Noun) one's total income for a time period. Wages(noun) a compensation given to a hired person for services; price paid for labor; recompense; hire. See Wage, n., 2.
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Minimum wage A minimum wage is the lowest remuneration that employers may legally pay to workers. Equivalently, it is the price floor below which workers may not sell their labor. Although minimum wage laws are in effect in many jurisdictions, differences of opinion exist about the benefits and drawbacks of a minimum wage.
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- Salary is a paymen which is paid by employer to the employee for what he was employed for after every month. Wage is a payment which is paid by employer to the employee for what he was employed on regular or weekly or daily basis depending on the hours worked by the employee. Those hours are multiplied by the fix rate and paid to the employee.
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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. What a Salary looks like:
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- Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. 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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- Wages from an employer. If you are employed by someone to do a job, you get money in exchange for the work you do. This money is called a wage or a salary and is usually paid to you monthly or weekly.
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Regulations for Equal Pay Law Definition of wages. When used in this subchapter, the term wages means every form of remuneration or compensation for work or labor performed or services rendered and includes, but is not limited to, salary, commissions, drawing account, piece rates, stock option plans, profit sharing plan and bonuses, unless the context clearly indicates otherwise.
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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. From the point of view of running a business, salary can also be viewed as the cost of acquiring and retaining human resources for running operations, and is then termed personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts.
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- Definition of employer: A legal entity that controls and directs a servant or worker under an express or implied contract of employment and pays (or is obligated to pay) him or her salary or wages in compensation.
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basic wage Definition of basic wage. 1 : a wage or salary based on the cost of living and used as a standard for calculating rates of pay. 2 : a rate of pay for a standard work period exclusive of such additional payments as bonuses and overtime.
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NBA salaries vs. WNBA salaries Even rookies in the NBA make more than a WNBA player who has been in the league over six years. The author’s main argument throughout their articles is backed by a series of fact comparing the NBA and WNBA salaries. Both writers mention the average salary of a WNBA player, 72,000 dollars. There is no comparison between the two basketball association’s money wise; the men are way ahead of the women. NBA average salary is around 5 million dollars and that’s just a start. among the NBA and WNBA money.
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Difference Between Salary and Wages Following are the major differences between salary and wages: 1  Salary is the fixed amount of compensation which is paid for the performance of an employee. 2  Wage is the variable amount of compensation which is paid on the basis of hours spent in finishing the certain amount of work.ut the truth is that both these terms differ from each other and hold different meanings. Salary is a fixed amount paid to the employees at regular intervals for their performance and productivity whereas wages are the hourly-based payment given to the labor for the amount of work finished in a day.
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What is a Living Wage Ordinance? What is a Living Wage? A living wage refers to the wage level it would take to meet regular living standards for a given area. What is included in the calculation may vary, however, depending on who you ask. For example, basic needs—things like shelter, clothing, and food—are always included.
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Wage Theft Protection Act of 2011 - Notice to Employees Wages are defined to include all amounts for labor performed by employees of every description, whether the amount is fixed or ascertained by the standard of time, task, piece, commission basis, or other. method of calculation. Wages can be paid based on any hourly rate, salary, commission or piece rate.
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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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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 hoursalary is paid notwithstanding the amount of hours to usually management employeeshe gets paid $ 10 per hour 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
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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.
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Wage Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole.
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- Definition. The term “hourly wage” describes a rate an employer agrees to pay a worker per hour worked, such as $12 per hour or $17.50 per hour. The “average” or “mean” is an estimated hourly rate calculated using the varying hourly rates of a group of workers in a specific occupation.he term “hourly wage” describes a rate an employer agrees to pay a worker per hour worked, such as $12 per hour or $17.50 per hour.
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- Definition. The term “hourly wage” describes a rate an employer agrees to pay a worker per hour worked, such as $12 per hour or $17.50 per hour. The “average” or “mean” is an estimated hourly rate calculated using the varying hourly rates of a group of workers in a specific occupation.ou determine the average earned by adding the amounts (9+10+11+12+35) and then dividing the total (77) by the number of people (5). In this example, the average hourly wage earned was $15.40 per hour.
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CSPI ranks the safety of food additivesâfrom acetic acid to yellow prussiate of sodaâin this definitive glossary of the chemicals used to flavor and preserve our foods. A chemical symbol for an element is one or two letters. These are found on the periodic table of elements. The chemical symbol is an abbreviation of the chemical element name. … Example: O is the chemical symbol for Oxygen. K is the chemical symbol for Potassium.
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Salary Law and Legal Definition Salary Law and 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.
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Do Mineral Makeup Products Have An Expiration Date? When purchasing your mineral makeup you may have been advised these products have no expiration date, or have indefinite shelf life. As a rule in regard to mineral makeup products, this is true to a point. Many individual ingredients possess an indefinite time line for expiration due to their composition which is what promotes their stability.
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employer Definition. A legal entity that controls and directs a servant or worker under an express or implied contract of employment and pays (or is obligated to pay) him or her salary or wages in compensation.
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salary salary. Salary and wages are both used to refer to the money paid to someone regularly for the work they do. 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.She earns a high salary as an accountant. My salary is paid into my bank account at the end of the month.. '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.