Definition, Meaning & Synonyms
annual-pay
noun
/ˈæn.ju.əl peɪ/
Definition
The amount of money paid to an employee on a yearly basis.
Examples
- The annual pay for this position is $50,000.
- Employees often receive bonuses that can affect their annual pay.
- Annual pay figures are important for budgeting and financial planning.
Meaning
Annual pay refers to the total earnings an employee receives for their work over the course of a year, typically expressed before taxes and other deductions.
Synonyms
- yearly salary
- annual salary
- yearly earnings
