What Is "salary Pay"?


Quick Answer

"Salary pay" means a person is paid an annual income through the course of regular paycheck installments. With a salary, regular paychecks are for a predictable and constant amount. This approach contrasts incentive pay structures, where pay is tied in some way to performance.

Continue Reading
Related Videos

Full Answer

Salary pay structures vary. Typical installments are weekly or semi-weekly, though some companies issue monthly paychecks. On a semi-weekly salary structure, an employee receives paychecks on the same day every other week. Another format is bi-monthly, where pay is distributed twice per month. Each paycheck of regular salary income normally has deductions withheld for local and federal tax obligations.

Learn more about Salaries

Related Questions