salaries and wages

• salary - it is a regular compenstion for employment that may not be paid on weekly, bimonthly or monthly
• wage - it is the amount of money that is paid on recieved for work or services as per hour, day or week
• income - the amount of money that an individual recieves in exchange for providing a goods or services or through investing capital
• benefit - it is a payment or gift or privilege given by an employer on top of the basic salary or wage
• standard deductions - the amount of money that is deducted from your gross income before tax is calculated
• income tax - tax on income earned by individuals and corporation