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Instead, your annual pay is the amount of money that you actually make throughout the course of the year. If you are paid on an hourly basis and your hourly rate of pay is $10 per hour, that computes to a base rate of pay of about $20,800 per year.However, if you work a significant amount of overtime throughout the year, your annual pay might be substantially more, perhaps $25,000 per year.f you are paid on an hourly basis and your hourly rate of pay is $10 per hour, that computes to a base rate of pay of about $20,800 per year. However, if you work a significant amount of overtime throughout the year, your annual pay might be substantially more, perhaps $25,000 per year.
Salary is what people pay you to do a job. So, mean annual salary means the average amount someone gets in a year. It also implies data for more than one year, and some fluctuations. Mean = average so the mean annual salary would be the average of everyone that worked in that position. Not everyone is making 50,000 in that position at that career level but the average is 50,000. You might make slightly more or slightly less than the mean average salary.