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Wages vs. Salary

Alicia Lyons

Created on November 13, 2024

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Transcript

Salary overview

Which of the following three people is earning a salary?

Matteo does lawn mowing for local residents and earns £7.50 an hour.
Trisha works at a coffee shop on weekends and earns £10.50 an hour.
Karen is a bank branch manager earning £32,000 a year.

CORRECT! The key difference is timing: wages are hourly payments, but salaries are yearly amounts.