What is a Wage?

Answer:
A wage is a specific amount of money that an

employee earns, generally based on the time she works. Wages are usually set per hour, although a employee may receive a wage that is calculated by the day, week, or month.

A worker earning a wage will earn more money during the period of time when she works more hours. Conversely, she will earn less money if she works less hours or takes time off for some reason.

Although wages are usually based on time worked, wages may also include a bonus paid to an employee, an employee's commission, or tips received.