What is the wage?
Wage is a specified amount of money paid by employees measured by the amount of time they work. If you earn $ 10 (USD) per hour, your wage is $ 10 per hour. You can also consider it for hours worked in a week. An employee working 40 hours a week has $ 400 in weekly wages. Wages you earn are usually counted before any deduction for taxes, insurance or others payments and represent your gross income. A more reasonable assessment of what you earn is your net income that counts the money you really bring home. People who earn salaries usually earn a specified amount of money per month, not on the hours they work. They can still work at least 40 hours a week, but may be obliged to work more if necessary. The salary does not increase or fall depending on time at work; Wages yes. If you are a wage earnings that take a day off without holidays, the money you make in a month will be lower. Alternatively if you work more than 40 hoursWeekly, you can earn more money per month and you can receive another overtime replacement.
Some people who work do not earn wages or salary, but have a reward only on the basis of commission. A person who sells the property cannot earn any money and other tons for one month, depending on the real estate market and the seller's skills. Some people make a draw or basic paycheck plus commissions or basic payout tips.
servers in restaurants do the other. They are paid for a minimum of the city or state for their work, but most of their money comes from tips. These tips are part of the overall wage, but are not a wage. They must be claimed as income, but are not a reliable source of income and differ according to the number of customers you operate, your skill as a server and generosity of customers.
Many countries, states and cities have requirements for a minimum hourly rewardAnd there is considerable concern about the provision of "live wages" for employees. In larger cities, it can be very difficult to actually live on the bare minimum that the company has to pay for you, and it may be impossible to support others, such as dependent people on low hourly wages. In the US, there have been several attempts to create a requirement of federal wages, but this will show off. Life wages in New York or Los Angeles would have to be much higher than one in other parts of the country where the cost of living is lower.