BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A wage is a set amount paid per hour. Your income varies according to the number of hours you work. A salary is a fixed income, and you earn the same amount each year.

Detailed explanation-2: -An hourly wage is the amount an employee is paid per hour they work. A role that’s paid hourly doesn’t come with a set or target annual pay. Instead, an employer pays an employee based on how many hours they work each pay period, which might be a week, two weeks, half a month or a month.

Detailed explanation-3: -salary. A fixed amount which is paid, usually monthly, to workers of higher rank. loan. an amount of money which is lent to someone.

Detailed explanation-4: -First, determine the total number of hours worked by multiplying the hours per week by the number of weeks in a year (52). Next, divide this number from the annual salary. For example, if an employee has a salary of $50, 000 and works 40 hours per week, the hourly rate is $50, 000/2, 080 (40 x 52) = $24.04.