ENTREPRENEURSHIP

Detailed explanation-1: -What does salary mean? A salary refers to a fixed amount of money or compensation that employees receive every year from their employer in return for their work. Though you often earn this regular payment on a monthly or biweekly basis, you often express your salary as an annual sum.

Detailed explanation-2: -Your annual base salary is the minimum amount of money you’ll be paid for the work you do. This is fixed income that you’ll usually receive through regular paychecks throughout the year. This figure does not include any additional bonuses or commissions that may be included in your contract.

Detailed explanation-3: -Remuneration is the total compensation received by an employee. It includes not only base salary but any bonuses, commission payments, overtime pay, or other financial benefits that an employee receives from an employer.

Detailed explanation-4: -Examples of salary include a monthly salary of $3500 for a high school teacher or a yearly salary of $174, 000 for a senatorial member of Congress in the United States.