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e. A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as minimum wage, prevailing wage, and yearly bonuses, and remunerative payments such as prizes and tip payouts. Wages are part of the expenses that are involved in running a business.
- Living wage
A living wage is defined as the minimum income necessary for...
- Minimum wage
Winston Churchill MP, Trade Boards Bill, Hansard House of...
- Wages and salaries
Wages and salaries. Wages and salaries are the remuneration...
- List of countries by average wage
Wages cover the total economy and are expressed per...
- Living wage
A wage is money that is paid by an employer to an employee in exchange for work. The amount may be fixed for each task completed (this is called piece rate ); or it may be based on time or other measurable quantity of work done. Work for wages is the most common form of work. Because of this, the term "wage" sometimes refers to all forms of ...
wage and salary, income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self-employed. Labour costs are not identical to wage and salary costs, because total labour.
