Difference between basic wages and salary?

Question

Accepted Answer

Basic wages are the fixed amount paid for the work done, while salary includes basic wages plus additional components like bonuses and allowances.

Basic wages are the minimum amount paid to an employee for the work done.
Salary includes basic wages plus additional components like bonuses, commissions, and allowances.
Basic wages are fixed and do not vary, while salary can vary based on performance and other factors.
Basic wages are usually paid on an hourly, daily, or monthly basis, while salary is typically paid on a monthly basis.
Example: An employee's basic wage may be $15 per hour, but their total salary could be $50,000 per year including bonuses and allowances.

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