A person whose pay is based on an annual amount (instead of being based on an hourly rate of pay multiplied by actual hours worked). For example, the officers of a corporation and the heads of departments within a company will likely be salaried employees. (On the other hand, production workers are likely to be paid an hourly wage rate for the hours worked.)
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For the past 52 years, Harold Averkamp (CPA, MBA) has
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