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 terms salaried and hourly refer to how employees get paid. A salaried employee is paid based on an annual amount, called a salary. This salary is divided between the pay periods (as determined by the company) for the year, and based on a 2080-hour year.Some salaried employees are given an employment contract.xample: An hourly employee is paid $9.62 an hour. To find this employee's pay amount, the hourly rate is multiplied by the number of hours worked in a pay period. For calculation purposes, a salaried employee is determined to work 2080 hours a year (52 weeks times 40 hours a week).