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Definition and meaning. A salary is the regular payment by an employer to an employee for employment that is expressed either monthly or annually, but is paid most commonly on a monthly basis, especially to white collar workers, managers, directors and professionals. A salary employee or salaried employee is paid a fixed amount of money each month.
salary meaning: 1. a fixed amount of money agreed every year as pay for an employee, usually paid directly into his…. Learn more.
Draw a salary definition: A salary is the money that someone is paid each month by their employer, especially when... | Meaning, pronunciation, translations and examples
Monthly salary definition: A salary is the money that someone is paid each month by their employer, especially when... | Meaning, pronunciation, translations and examples
Monthly definition, pertaining to a month, or to each month. See more.
Modest salary definition: A salary is the money that someone is paid each month by their employer, especially when... | Meaning, pronunciation, translations and examples
Fixed monthly salary = basic monthly salary + fixed monthly allowances. Basic monthly salary: This is payment that does not vary from month to month, regardless of employee or company performance, and regardless of whether the employee takes medical or personal leave.. Fixed monthly allowances: These are monthly allowances that do not vary from month to month.
Basic monthly salary, including benefits and allowances and mode of payment.. Definition of salary O Basic monthly salaryO Basic monthly salary + guaranteed bonus O Same as MPF relevant incomeO Other b.. Basic monthly salary shall refer to compensation for services in whatever form paid, including but not limited to fees, salaries, wages, and similar items received in a month.
Define monthly. monthly synonyms, monthly pronunciation, monthly translation, English dictionary definition of monthly. adj. 1. Occurring, appearing, or coming due every month: a monthly meeting; monthly rent payments. ... schrift f; monthly cycle → Monatszyklus m; monthly salary → Monatsgehalt nt; monthly ticket/payment → Monatskarte ...
definition. Monthly salary includes monthly salary, special pay and shift differential, or the monthly equivalent for hourly employees. "Monthly salary" does not include overtime pay, callback pay, standby pay or performance bonuses. Monthly salary means the gross amount paid to a participant making a claim under s. 40.65, at the time he or ...
To determine gross monthly income, divide the total salary by 12 for the months in the year. 1. Determine annual income. Lenny makes $45,000 per year as a detective. 2. Divide by the months in a year. With his gross monthly income in mind, he divides the amount by 12. Gross monthly income = 45,000 / 12. Gross monthly income = 3,750.
Definition of monthly salary in the Definitions dictionary. Meaning of monthly salary. Information and translations of monthly salary in the most comprehensive dictionary definitions resource on the web.
SALARY DEFINITION. 1. Fixed Monthly Salary. "Fixed Monthly Salary" means the sum of basic monthly salary and fixed monthly allowances. 2. Basic Monthly Salary. "Basic Monthly Salary" means all remuneration payable monthly to a foreign employee that does not vary from month to month on any basis in respect of work done under his contract of service.
salary definition: 1. a fixed amount of money agreed every year as pay for an employee, usually paid directly into his…. Learn more.
Monthly and daily salary: definitions and calculation. You may receive a monthly or daily salary. Daily wages are calculated using either the gross rate (for paid public holidays, paid leave, salary in lieu and salary deductions) or the basic rate (for work on rest days or public holidays).
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