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In accounting, salaries are recorded in payroll accounts. [1] A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.
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Save a Portion of Every Paycheck “Pay yourself first,” said Renee Johnson, editor-in-chief of The Tech Report. “Instead of paying your expenses first, put a set percentage of each check into ...