Ask Question
BusinessBusiness
17 March, 21:00

Explain the differences between hourly wage, salary, contract wage, and commission wage.

+2
Answers (1)
  1. 17 March, 22:31
    0
    Hourly wage: The amount of money per hour that an employee will be paid. Usually eligible for overtime pay.

    Salary: The set amount of money per year that an employee will be paid, regardless of hours worked. Usually not eligible for overtime pay.

    Contract Wage: The set amount of money an employee will receive for completion of a project (contract).

    Commission: The amount of money that an employee will receive based on their work completed or sales made. For example, 5% of their total sales for the month will be paid to them as their wage.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Explain the differences between hourly wage, salary, contract wage, and commission wage. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The assets that you currently own are known as which of the following? A. Credit B. Capital C. Capacity D. Collateral
Answers (1)
Contribution margin is: Sales less cost of goods sold. Sales less variable production, variable selling, and variable administrative expenses. Sales less variable production expense. Sales less all variable and fixed expenses.
Answers (1)
Solve the case: A man got killed in his office. The suspects are Edison, Maxis, Jason, Janna, and Sofia. A calendar near the man has 6, 4, 9, 10, 11 written in blood. Who is the killer?
Answers (2)
why is the quantity of education demand in private universities Much more responsive than salt is to change in price?
Answers (1)
Monica owns an equestrian clothing store. After many customers complained that her clothing only fit petite riders, she decided to add a new brand of riding clothes that makes clothing for all body shapes and sizes.
Answers (1)
New Questions in Business
Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realization, their capital balances are $36,000 and $24,000, respectively.
Answers (1)
ABC Company insured its building on a replacement cost basis for $700,000 under a property insurance policy that included an 80 percent coinsurance clause. The building had a replacement cost of $1 million when it sustained a $40,000 loss.
Answers (1)
Which of the following are true? Select one or more: (a) The t-distribution is dependent on the sample size. (b) The t-distribution does not depend on the sample size.
Answers (1)
Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 13.6 Process time 2.7 Inspection time 0.3 Move time 3.3 Queue time 7.0 The delivery cycle time was:
Answers (1)
During 2021, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2021, cash collections on these accounts total $110,000. Pave estimates that 25% of the uncollected accounts will be uncollectible.
Answers (1)
Home » Business » Explain the differences between hourly wage, salary, contract wage, and commission wage.
Sign Up Forgot Password?