20140724

salary


 
Term of the Day

salary

Agreed-upon and regular compensation for employment that may be paid in anyfrequency but, in common practice, is paid on monthly and not on hourly, daily, weekly, or piece-work basis.
Learn more about this term
Usage Example
An employee's salary and any bonuses given are included in a company's expenses and therefore are tax deductible.
FacebookFacebookTwitterLinkedIn
 
Featured Article

Maintaining Solid Corporate Ethics in International Business

The spread of international business, in which larger multinational corporations outsource production to poorer nations in order to cut costs, has created...