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    sundus's Avatar
    sundus Posts: 1, Reputation: 1
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    #1

    Feb 27, 2008, 08:28 PM
    What is the difference b/w income,wages & salaries?
    Hi salam,

    I've a lill confusion about ths question.. kindly tell me the answer if any 1 knws thank you :)
    Vivi1987's Avatar
    Vivi1987 Posts: 11, Reputation: 1
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    #2

    Mar 19, 2008, 03:04 AM
    A salary is a form of periodic payment from an employer to an employee, which is specified in an employment contract

    Wage may be defined more narrowly to include only cash paid for some specified quantity (measured in units of time) of labor.

    Income refers the monetary and non-monetary consumption ability of any given entity, such a person or household.
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