base salary
Definition
Base salary is a fixed amount of money paid to an employee by an employer in return for work performed. Base salary does not include benefits, bonuses or any other potential compensation from an employer. Base salary is paid, most frequently, in a bi-weekly paycheck to an exempt or professional employee. In most years, an employee's base salary is paid in 26 even paychecks over the course of the year.
Related Articles
- An Overview of Mortgages *
- Life Insurance: Types of Policies and Provisions *
- Types of Stock Mutual Funds *
- Deciding Whether Your Nest Egg is Big Enough *
- Market Timing Strategy of Buying Stock *
- Dividend Reinvestment Plans *
- Mutual Funds and Your Portfolio *
- Keoghs and Their Distribution Options *
Related Videos
http://www.businessdictionary.com/definition/base-salary.html
