Wage
Hourly payment to employee (or daily/piecework).
Formula
Weekly Wage = Hours Worked × Hourly Rate
Real World
A McDonald's crew member earning £11.44/hour works 20 hours one week and 35 the next — their wage fluctuates accordingly, giving the business flexibility during quiet and busy periods.
Exam Focus
Distinguish wage from salary; state the formula and show calculation steps for full marks in 'calculate' questions.
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