Financial Alg Exam
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annual wage
the amount of money an employee is paid for an entire year
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minimum wage
the hourly rate below which employers may not pay an employee
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daily wage
the amount of money an employee is paid for a day's work
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hourly wage
the amount of money an employee is paid for each hour of work
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salary
a fixed compensation that is paid for services on a regular basis
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gross pay
the total wages for a pay period before deductions
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net pay
the take home pay after any amounts have been withheld