Give back & Do Good with our Do Good Dayton Checking Account ! Itâs a free checking account where we pay you $50 to Pay it Forward. Plus weâll put $20 in our Do Good Dayton Fund to reach our goal of donating $5,000 to the Dayton FoodBank. Learn more about this great account and cause.
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.
Salaried employee means the employer pays the person a monthly or bimonthly rate. For example, when hired you are told you will be paid $3000/mth or $1500/every two weeks, you are not given an hourly salary as your pay rate.An employer decides if they want to hire someone as a salaried or hourly employee.It is completely up to the employer to designate.ith few exceptions, to be exempt an employee must (a) be paid at least $23,600 per year ($455 per week), and (b) be paid on a salary basis, and also (c). . These requirements are outlined in the FLSA Regulations (promulgated by the U.S. Department of Labor).