Define Wages Math

The share of the national product attributable to labor as a factor in production.

Define wages math. Gross pay for salary workers. Usually paid weekly or monthly. Sandy has an annual salary of 120 000 which is paid weekly. A salary is different to a wage.

For salaried employees start with their annual salary to calculate their gross wages. When paid a salary you usually don t get extra for overtime work but you often get other benefits. Alex earns 20 per hour and worked 40 hours last week so earned an 800 wage. Payment for work based on hours worked or sometimes per day or per amount of work done.

Regular overtime pay 14 80 hr 1 25 12 hrs 222 00. B wages plural. Gross wages wages monday to friday saturday wages sunday wages. A payment usually of money for labor or services usually according to contract and on an hourly daily or piecework basis often used in plural.

Regular 40 hour pay 14 80 hr 40 hrs 592 00. So sandy gets about 2 300 per week. For example if you want to calculate monthly gross wages you will divide the annual salary by 12 because there are 12 months in the year. Payment for work based on a fixed amount per month or year.

Regular overtime pay 14 80 hr time and a quarter 12 hrs overtime. Wages monday to friday regular 40 hour pay regular overtime pay. Entry 1 of 2 1 a. A wage or salary based on the cost of living and used as a standard for calculating rates of pay.

Definition of basic wage. Can be paid weekly two weekly or monthly.