Each month, gerald receives a government check from the college he attends because he is a work-study student, these checks are the salary.
An employment contract may include a salary clause as a type of recurring payment from an employer to an employee.
In contrast, piece wages are paid separately for each job, hour, or other unit rather than on a regular schedule.
Salary can also be seen from the perspective of operating a corporation as the expense of obtaining and keeping employees to carry out operations; this is known as a personnel expense or salary expense.
Payroll accounts are used in accounting to record salaries.
A salary is a set sum of money or other remuneration that a company gives to an employee in exchange for work completed.
Salary is frequently paid at predetermined periods, such as monthly installments equal to one-twelfth of the annual salary.
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