ENTREPRENEURSHIP

Detailed explanation-1: -A salary is the total fixed amount of money paid to an employee over a given period of time, generally a year. In contrast, the hourly wage is the amount of money paid to an employee for every hour of work performed.

Detailed explanation-2: -wage. noun. : a payment usually of money for labor or services usually according to a contract and on an hourly, daily, or piecework basis. often used in pl. plural : the share of the national product attributable to labor as a factor in production.

Detailed explanation-3: -Hourly employees are paid at a set hourly rate which is multiplied by the hours worked during a pay period. For example, if an employee’s hourly rate is $15 and they worked 20 hours during a pay period, you would multiply $15 by 20 to get a total wage of $300 for their paycheck.

Detailed explanation-4: -the amount paid to an employee for every hour worked is called a wage.

Detailed explanation-5: -: the amount of base wage paid to a worker per unit of time (as per hour or day) or per unit of output if on piecework.