Which statement describes the term salary? Salary refers to the fixed amount paid on a daily basis. Salary refers to the varying amount paid on a daily basis. Salary refers to the fixed amount paid on a weekly, bi-weekly, or monthly basis.

You can be paid with two methods, salary or hourly.

Hourly is a certain amount that you are paid per hour, so it varies each day depending on how many hours you work.

Salary is a fixed amount that you are paid on a regular basis (monthly, weekly, bi-weekly or any other fixed amount of time).