Salary vs
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Questions and Answers

What is the definition of salary?

  • A type of payment for goods
  • A type of payment for work (correct)
  • A type of payment for services
  • A type of payment for investments
  • What is the definition of wages?

  • A type of payment for investments
  • A type of payment for work (correct)
  • A type of payment for goods
  • A type of payment for services
  • What is the main difference between salary and wages?

  • Salary is paid on a monthly basis, while wages are paid on an hourly or daily basis (correct)
  • Salary is paid in cash, while wages are paid through bank transfers
  • Salary is paid by the employer, while wages are paid by the government
  • Salary is paid to employees, while wages are paid to contractors
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