A _____ is a set amount of pay received by a worker over the course of a year.

Question:- A _____ is a set amount of pay received by a worker over the course of a year.

Answer: “salary”

A salary can be defined as a standard rate or sum of money paid to an employee from his or her employer for services offered to the employer. This is often done on a fixed interval, monthly or bi-weekly, with consideration of the employee’s duties and responsibilities, previous work experience and qualifications among other factors within the company’s payroll structure.

Employees who work in organizations in permanent or with long term contracts mostly receive salary payments. While this information is well understood, it is still important to highlight that salaries are pre-designated amounts of money and do not change with the hours worked in a given period of time. It is commonplace to denote and release the remunerations on an annual basis even though they may be adjusted pro rata in relation to experience.