What is the difference between salary and wages?
Credit:Thomas GalvezCC-BY-2.0
Q:

What is the difference between salary and wages?

A:

Quick Answer

Even though the terms are sometimes used interchangeably, wages usually refer to hourly pay, whereas salaries refer to annual pay. Wages are calculated by counting the number of hours worked and multiplying it by an hourly rate, while salaries are calculated annually and divided by the number of payments received.

 Know More

Full Answer

For example, to calculate the monthly wage of a person who earns $8.25 an hour and works 6 hours a day, 5 days a week, their wage is calculated $8.25 x 6 x 5. If the same person earns $35,000 a year and is paid semi-monthly, their salary is calculated by dividing $35,000 by 24.

Learn more about Salaries

Related Questions

  • Q:

    How much does a P.E. teacher earn?

    A:

    The salaries of physical education teachers are comparable to other teachers. According to the U.S. Bureau of Labor Statistics, elementary school teachers, middle school teachers and high school teachers earned median wages of $53,090, $53,430 and $55,050 respectively in 2012.

    Full Answer >
    Filed Under:
  • Q:

    How much do police officers get paid?

    A:

    The salaries of police officers vary greatly depending on the city in which they work. In 2014 for example, the salary for a New York police officer after six months is $46,288 per year, whereas the annual salary for a Seattle police officer after six months is $74,244.

    Full Answer >
    Filed Under:
  • Q:

    How much money do animators make?

    A:

    The salary of an animator varies widely: according to the United States Bureau of Labor Statistics, or BLS, animators earn average salaries between $35,000 and $118,890. Like other professionals, the income of animators varies considerably, depending on skill and experience level, place of employment and even geographical location. Animators work in many industries, including video systems, computer systems, software publishing, advertising and specialized designs.

    Full Answer >
    Filed Under:
  • Q:

    How much do QVC hosts make?

    A:

    While QVC does not publish information regarding host salaries, Payscale's Bridget Quigg estimates they make a minimum of $100,000 based on her interviews with two former QVC employees. One employee was a cameraman for QVC in the 1990s making $60,000 per year, and Quigg estimates hosts would make more now.

    Full Answer >
    Filed Under:

Explore