What are wages, salaries and remuneration?

When you are paid for your work, there are different terms for the money you receive: Wage, salary, pay or remuneration. Pay and remuneration are formal terms for payment. Wages and salaries are defined differently.

• Salary = if you receive a fixed amount every month, this is called "Gehalt" (monthly salary).
• Wage = if you are paid per hour (hourly wage), this is called "Lohn". The amount of your monthly wage then depends on how many hours you have worked.