What is the main difference between a salary and an hourly wage?
AnswerA salary is a fixed amount per period, not per hour
A salary is a set amount for a period such as a year, while a wage is paid per hour worked.
Careers · Facts & stats
Salary facts & stats
7 fact-checked facts about salaries and pay, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
What is 'gross pay'?
AnswerPay before deductions
Gross pay is the total earned before taxes and other deductions are taken out.
Going deeper
What is 'net pay' also commonly called?
AnswerTake-home pay
Net pay is the amount left after deductions, the money you actually take home.
Pay based on a percentage of the sales a person makes is called what?
AnswerCommission
A commission rewards salespeople with a share of the value of what they sell.
If someone is paid every two weeks, how many paychecks do they usually get in a year?
Answer26
A year has 52 weeks, so pay every two weeks gives 26 paychecks.
Expert level
Semimonthly pay, paid twice a month, gives how many paychecks per year?
Answer24
Twice a month for 12 months makes 24 paychecks, two fewer than biweekly pay.
The word 'salary' comes from the Latin 'salarium', which is linked to which word?
AnswerSalt
Salarium comes from 'sal', meaning salt, though exactly how salt connected to pay is debated.
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