What is the difference between salary and wages?

Question

Accepted Answer

Salary is a fixed amount paid to an employee on a regular basis, while wages are paid hourly or daily based on the number of hours worked.

Salary is usually paid on a monthly or annual basis, while wages are paid on an hourly or daily basis.
Salary is fixed and does not change based on the number of hours worked, while wages are variable and depend on the number of hours worked.
Salary is common for salaried employees, while wages are common for hourly employees.
Salary may include benefits such as health insurance and retirement plans, while wages typically do not include such benefits.
Examples of salaried positions include managers, executives, and professionals, while examples of hourly positions include retail workers, food service workers, and construction workers.

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