Salary and Wages

________________ = Annual Salary ÷ 12 months

It is earned as a percentage of sales made

It is the amount earned for each hour worked.

______________ = Daily Wage x 6 days

Maria works 8 hours a day and is paid ₱75 per hour. Her earnings are an example of:

Income remaining after deductions

Total earnings before deductions

It is the extra pay given for working beyond 8 hours at the rate of an additional 25% of his regular wage.

It is the amount of money a worker earns for each day of actual work.

______________ = Annual Salary ÷ 52 weeks

It means the renumeration or earnings, however designated, capable of being expressed in terms of money, whether fixed or ascertained on a time, task, piece, or commission basis.

It is the fixed amount an employee earns every month.

It is the total amount of money a person earns in one year, usually from a fixed monthly salary.

Net Income = Gross Income − _______

It refers to a fixed regular wage, typically paid monthly, semi-monthly, or weekly especially for professional, managerial, or administrative positions.