Financial compensation falls into two general categories, which are:

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Catherine Fernandez

Business

28 March, 21:29

Financial compensation falls into two general categories, which are:

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Amara Adkins · Answer 1

Financial compensation falls into two general categories, which are wages and salary.

A wage is something that is based based on an hourly rate with the hours that are worked. So if your wage is $16 an hour and you worked 10 hours that week, your wage would be paid as $160. If you receive an salary and it's $40,000 a year, you are paid based on that verse a certain amount of hours.