annual wage definition
Definition of GUARANTEED ANNUAL WAGE. : an arrangement whereby an employer guarantees employees a minimum amount of wages or employment during a year. ADVERTISEMENT.This word doesn't usually appear in our free dictionary, but the definition from our premium Unabridged Dictionary is offered here on a limited basis. an arrangement whereby an employer guarantees employees a minimum amount of wages or employment during a year. While the annual salary represents a floor for an employee's wages, gross pay can exceed that level. For instance, if an employee is paid an annual salary of $23,000 per year, but he is eligible for, and works, $5,000 worth of overtime, his gross pay will be $28,000 -- more than his salary.efining Gross Pay. An employee's gross pay is the amount of his wages before any deductions, including taxes and benefits. Gross pay may be determined by the amount an employee works, as in hourly pay, or at a set rate, as in a weekly salary. : an arrangement whereby an employer guarantees employees a minimum amount of wages or employment during a year.ADVERTISEMENT. This word doesn't usually appear in our free dictionary, but the definition from our premium Unabridged Dictionary is offered here on a limited basis. an arrangement whereby an employer guarantees employees a minimum amount of wages or employment during a year. Annual Salary. People generally think first about their annual wages or salary when asked about earnings. For example, if you earn $45,000 per year, that's what you'll think of as your annual wages or salary.However, your wages or salary doesn't encompass all of your compensation, especially if you work full time and for a large, established company.nnual Salary. People generally think first about their annual wages or salary when asked about earnings. For example, if you earn $45,000 per year, that's what you'll think of as your annual wages or salary. First Known Use of ANNUAL WAGE. This word doesn't usually appear in our free dictionary, but the definition from our premium Unabridged Dictionary is offered here on a limited basis.Note that some information is displayed differently in the Unabridged.his word doesn't usually appear in our free dictionary, but the definition from our premium Unabridged Dictionary is offered here on a limited basis. What you earn for working over the course of a year is made up of a variety of components. Your annual wages or pay -- what you bring home before taxes in your paycheck -- and what you earn in total annual compensation are two very different things, particularly if your company provides significant benefits.nnual Salary. People generally think first about their annual wages or salary when asked about earnings. For example, if you earn $45,000 per year, that's what you'll think of as your annual wages or salary. Definition. Total amount of income earned annually. Gross annual income represents the amount of money a person earns in one year from all sources before taxes. When preparing an income tax return, the gross annual income figure is the base figure with which to start.otal amount of income earned annually. Gross annual income represents the amount of money a person earns in one year from all sources before taxes. Your annual salary is the amount that you will get paid in a year assuming you work the entire … year at that salary. For example, if you are paid semi-monthly (such as US military pay, 1st and 15th of each month), and your annual salary is $24,000, your gross paycheck (before taxes) will be $2,000.hat is the annual salary of a barber? It depends on the amount of money made According to the U.S. Bureau of Labor Statistics the estimated mean annual wage for barbers as of May 2008 is, $26,610. Total amount of income earned annually. Gross annual income represents the amount of money a person earns in one year from all sources before taxes.When preparing an income tax return, the gross annual income figure is the base figure with which to start.otal amount of income earned annually. Gross annual income represents the amount of money a person earns in one year from all sources before taxes. DEFINITION of 'Base Pay'. An employee's initial rate of compensation, excluding extra lump sum compensation or increases in the rate of pay. An employee's base pay can be expressed as a base hourly rate of pay or as an annual salary.n employee's initial rate of compensation, excluding extra lump sum compensation or increases in the rate of pay. An employee's base pay can be expressed as a base hourly rate of pay or as an annual salary.
An arrangement whereby an employer guarantees employees a minimum amount of wages or employment during a year.