ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Salary
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Wages
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Either A or B
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None of the above
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Detailed explanation-1: -Weekly Wage means an Employee’s hourly rate multiplied by the ordinary hours worked in a week. Sample 1.
Detailed explanation-2: -Wages and salaries are the payment for work agreed between an employee and his or her employer under the contract of employment in the private sector and for contractual agents in the public service, or employment for civil servants.
Detailed explanation-3: -There are three kinds of wages minimum wage, fair wage & living wage.
Detailed explanation-4: -What Are Examples of Wages? Let’s say you have an employee who works for $20 an hour. Over the course of a two-week pay period, they worked a total of 80 hours. To calculate the wages they’ve earned, multiply the 20 dollar rate by 80 hours to get a total of $1600.