Please or Register to create posts and topics.

What is the main difference between salary and paying someone by the hour?

Compensation in both cases comes from a different source, namely, from the number of hours worked for hourly pay or the yearly schedule for salaries. Workers who are salaried are paid the same amount each year, no matter how many hours they work. People working hourly get wages for each hour and overtime pay may be added for additional hours. Those who earn a salary usually have their finances smoothed out and can enjoy paid time off. Since how much you earn hourly isn’t the same every time, it’s common for part-time or federal income tax definition