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.
The essential difference between a salary and wages is that a salaried person is paid a fixed amount per pay period and a wage earner is paid by the hour.Someone who is paid a salary is paid a fixed amount in each pay period, with the total of these fixed payments over a full year summing to the amount of the salary.This person is considered to be an exempt employee. There is no linkage between the amount paid and the number of hours worked.his person is considered to be a non-exempt employee. For example, a person who is paid a wage of $20 per hour will receive gross pay of $800 ($20/hr x 40 hours) if he works a standard 40 hour week, but will only receive gross pay of $400 ($20/hr x 20 hours) if he works 20 hours in a week.