difference between wage and salary
The essential difference between a salary and wages is that a salaried person is paid a fixed amount per pay period and a wage earner is paid by the hour.Someone who is paid a salary is paid a fixed amount in each pay period, with the total of these fixed payments over a full year summing to the amount of the salary.This person is considered to be an exempt employee. There is no linkage between the amount paid and the number of hours worked.f a person is paid wages and there is a gap between the last day worked for which he is paid and his pay date, that gap is paid in his next paycheck. This gap does not exist for a salaried worker, since he is paid through the pay date.