WHAT IS THE DIFFERENCE BETWEEN WAGES AND SALARIES?
Answers
Answer:
Salary is the fixed amount of compensation which is paid for the performance of an employee. Wage is the variable amount of compensation which is paid on the basis of hours spent in finishing a certain amount of work. ... Whereas wages are paid on a daily basis for the number of hours spent.
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Answer:
Explanation:
The main difference between wages and salary is that wages are money paid on an hourly, daily or weekly basis while salary is a fixed amount, usually paid monthly or fortnightly.
Both wages and salary refer to remuneration paid to employees for work performed. Although these two terms are often used interchangeably, they have two distinct meanings. Employers calculate wages according to the number of hours employees work, but the salary is a flat payment and does not involve
