What are differences between wage/salary and income? - Lương và thu nhập khác nhau như thế nào?
Most people still feel confused about these two definitions. After reading this article, readers may find significant differences between wage/salary and income of a person. Both wage/salary and income are earned by the provision of labor. So, let's see regulations of the 2012 Labor Code currently in force regarding the compensation package that a worker or employee can receive by providing his/her labor: “Article 90. Wage/salary 1. Wage/salary refers to a sum of money that an employer pays a worker or employee for an agreed-upon work. Wage/salary includes the work or title-based pay rate, allowances and other supplemental benefit package. …” Therefore, whenever a labor relationship between 2 persons, including 1 employers and 1 employee arises, wage/salary will be deemed as a sum of money “swapped” for an employee’s labor and paid by an employer. In addition, wage/salary may be understood as a monthly amount that an employee rece