Salaries and Wages

It is a fixed amount of money that an employee typically receives

on a monthly or bimonthly basis, but it may also expressed as annual sum.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

It is a worker’s compensation that is based on an hourly rate of pay and the number of hours worked.

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CCSS.6.NS.B.3

It is the total amount that people earn from their employment, businesses, investments, and the professional services that they render.

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

It is the collective term for non-wage compensation, allowances, or incentives that are given to employees in addition to their regular wages or salaries.

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CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

It is the total amount that people earn for performing a specific job during a specific period.

• Net earnings

• Gross earnings

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CCSS.7.NS.A.3

It is the resulting amount after deductions like tax, insurance, and contributions are applied on the total amount that people earn for performing a specific job during a specific period.

• Net earnings

• Gross earnings

Tags

CCSS.6.NS.B.3

It is the least possible compensation that a worker in a specific region and industry should receive in exchange for his rendered service.

• premium pay

• income

• compensation

• minimum wage

It is the amount of time an employee spends work beyond the maximum number of regular working hours that the law requires.

• night shift differential

• working hours

• overtime

• holiday pay

It is the additional compensation required by law for work performed within 8 hours on nonworking holidays.

• holiday pay

• premium pay

• overtime pay

• night shift differential

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

It is the additional compensation given to an employee who works between 10 PM to 6 AM.

• overtime pay

• night shift differential

• holiday pay

• premium pay