What is the difference between a salary and a wage
A salary is a fixed amount of money that an employee earns on a regular basis, typically paid in monthly or annual installments. Salaries are usually set based on an agreed-upon amount for a specific job position, regardless of the number of hours worked.
On the other hand, a wage is a payment for the amount of work completed based on an hourly rate. Wages are often calculated based on the number of hours worked, so they can vary from week to week depending on the amount of work completed.
In summary, the main difference between a salary and a wage is that a salary is a fixed amount paid on a regular basis, while a wage is paid based on the amount of work completed or the number of hours worked.