A salary is generally a fixed amount per pay period or per annual; $60,000 per year, for example.   Not always, but usually, salaried employees are not paid overtime.

 

A wage is based upon an hourly rate of pay; $12 per hour, for example.  Usually, hourly employees are entitled to overtime (1.5 X their normal hourly rate) for hours worked in excess of their normal 40 hour work week.

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