How is an employee's salary best defined according to the text?
Answer
The agreed-upon fixed amount paid regularly for performing required position duties
Salary is defined simply as the fixed amount paid regularly in exchange for fulfilling the duties required by the position.
Related Questions
Is Paid Time Off (PTO) typically considered an inseparable part of the stated annual salary figure?How is an employee's salary best defined according to the text?Regarding the FLSA minimum salary threshold for exempt employees, what is the general legal stance on counting PTO?If a salaried, exempt employee takes a full day off without sufficient PTO, what might an employer legally do?What is the primary function of PTO for many salaried workers given the inherent expectation of flexible hours?What factor causes significant variation in whether accrued but unused PTO must be paid out when an employee separates?What scenario permits an employer, in certain jurisdictions, to legally eliminate an employee's unused PTO balance upon exit?When comparing Offer A ($\$100k$ salary, PTO granted day one) vs. Offer B ($\$100.5k$ salary, PTO accrued quarterly), what is the crucial differentiator highlighted?Why is it essential for an employer's administrative system to keep PTO separate from the base salary?What specific follow-up question should a candidate ask regarding the PTO component when reviewing an offer?