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Salary vs Wage vs Pay vs Income vs Earnings

Difference between Salary vs Wage vs Pay vs Income vs Earnings

Many students are always confused with financial terms to use in IELTS Writing Tasks. Here in this post we have explained difference between salary, wage, pay, income and earning.

Salary

The money that you receive regularly for doing your job, usually paid to you every month. Salary is usually used for professional jobs such as teachers, managers, doctors.

  • Nurses earn a basic salary of £21,250
  • Her salary is paid directly into her bank account.

Pay

The money that you receive for doing a job.

  • The pay is pretty good.
  • Teachers are asking for higher pay.


Wages

The money that someone is paid every week by their employer, especially someone who works in a shop or factory.

  • Practically all my wages go on housing and transport to work.
  • The average weekly wage was £350.

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Income

The money that you receive regularly for doing your job, and from things such as a business or investments

  • The amount of tax you have to pay depends on your income.
  • People on low incomes are finding it difficult to pay their fuel bills.


Earnings

The total amount of money you earn from any job you do – used especially when the amount is different each month or year.

  • The average worker’s earnings have not kept up with inflation.

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