The major difference between a salary and a wage is: federal minimum wage and overtime laws that protect workers who are paid a wage do not apply to salaried workers. workers paid a salary usually earn more money than workers who are paid an hourly wage. wage earners are exempt from the federal laws that govern minimum wage and overtime work. hourly wage earners are not eligible for pre-tax deductions from their earnings, but salaried workers are.

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as