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4 Cards in this Set

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  • Back

Whatis the difference between a WAGE and a SALARY?


Wage:what you get paid by the hour, payment is weekly or monthly.

•Salary:what youget over a period of a year and paid monthly


what is the difference between GROSS and NET?


Gross: is what you get paid in total


Net : is what you come out with after the stoppages

Whatis the difference between a WAGE and a SALARY?

•Wage:what you get paid by the hour, payment is weekly or monthly.

•Salary:what youget over a period of a year and paid monthly



•Name3 common deductions froma person’s gross pay

•Unionsubscriptions

•Nationalinsurance


•tax

1.Hourly rate

2.Howmuch you get paid per hour

3.Piece rate

4.Getpaid for how many you make/ pick

5.Overtime

6.Workingpast your hours

7.Commission

8.Additionalwage depends on how much you sell

9.Bonus

10.if you work extra hard or meet your target your boss might give you abonus

11.Performance related pay

12.Getpaid on how much work you do and thequality