What is the difference between Wage and Income? - ProProfs Discuss
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What is the difference between Wage and Income?

Asked by I. Klose, Last updated: Jan 02, 2020

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Carice Snow

I am a well trend Motivational speaker at California.

Carice Snow, Motivator, MA, California

Answered Aug 30, 2019

Wage is part of income, and a wage is the payment one receives for his work. Income is the overall money one obtains. Wage is money, which is paid either monthly, weekly, tri-weekly, daily, or as per the hour. Income is the money considered from all known sources which could include wages, gifts, interest, bonuses, and dividends. The wage is fixed for each worker, and it may grow over time. ...Read More
 

D. Ronald

D. Ronald, Writer, Austin

Answered Aug 08, 2019

Wage and income are not totally referring to the same thing, but they are interrelated. Wage simply means the amount of money paid to someone for a specified quantity of work. Wages can come in different ways. There are some you get on a monthly basis; there are some you get on a weekly basis, you get some on a daily basis, at times you can have your wage on an hourly basis. ...Read More
 

C. Perez

Just getting better day by day

C. Perez, Writer, Writer, Cleveland

Answered May 24, 2019

Wage and income are closely related terms. Wage is a part of an income. Wage is what one gets paid for its work, while an income is the overall of what one gets paid. Wages are paid either monthly, weekly, or daily. Income is money calculated from all sources including gifts and bonuses. ...Read More
 

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