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What is the difference between a salary and wages?

Frequenty Asked Questions

What is the difference between a salary and wages?

Wages are generally paid on an hourly basis. The amount paid per period changes based on the number of hours worked and whether overtime or penalty rates are included.

A salary is an annual amount commonly paid either fortnightly or monthly. In most instances the salary amount does not change even if the hours worked in a particular week vary.

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