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Wages and salary homework project! ... 25
Wages: Employees are either paid in these or salaries. ... This is common in the textile and electronic industries/
Salaries and Wages
A salary: Salaries are paid monthly. White-collar workers who are not involved in manual work are paid an annual salary. This salary is divided into twelve equal amounts, which are paid into the employee’s bank account. ...
· Salaried workers may be on a incremental pay scale (a pay scale which increases each year)
Wages are paid weekly, salaries are paid monthly
Additional payments
There are other opportunities for workers to earn more money than the basic pay some of these ways are…
Commission: This payment system is based on how much a employer can sell. ...
Profit-sharing: This is where businesses set aside some of their profits, which they share between their employee’s usual wage or salary.
Approximate Word count = 796
Approximate Pages = 3.2
(250 words per page double spaced)
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