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to prepare a research paper on their business. Hoffman is required by the code and standards to disclose the terms of Hill's salary in his study report.
A salary is a type of recurring payment made to an employee by their employer and may be outlined in an employment contract. In contrast, piece wages pay each work, hour, or another unit separately rather than on a regular schedule. From the perspective of operating a business, salary can also be seen as the cost of obtaining and keeping employees to carry out operations; in this case, it is referred to as a personnel expense or salary expense. Payroll accounts in accounting are used to record salaries.
A salary is a set sum of money or another kind of payment made to an employee by their employer in exchange for services rendered. Regularly defined intervals are used to pay salaries, such as monthly installments of one-twelfth of the annual salary.
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