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Questions and Answers
What is the definition of salary?
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?
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?
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
