Salaried Employee

Accounting Dictionary

Salaried Employee

A salaried employee gets a fixed amount of money every pay period even if they took some time off or worked overtime.

Ronald earns $5000 a month as a manager. There was a mistake in the financial statements and Ronald had to work an additional 10 hours on Saturday to find the error. Ronald will still get $5000 because he is salaried and not paid by the hour.

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