Final answer:
Salary is a fixed amount of money that an employee receives regularly, while a fixed rate is a set amount for a particular task or service.
Step-by-step explanation:
Salary: Salary refers to a fixed amount of money that an employee is paid on a regular basis, typically monthly or annually. It is usually determined by factors such as the individual's job role, skills, and experience. For example, if a person has a monthly salary of $3000, they will receive that amount every month, regardless of the number of hours worked.
Fixed Rate: A fixed rate, on the other hand, refers to a set amount of money for a specific task or service. This can be a one-time payment or a recurring fee. For example, if you hire a repair person to fix your computer, they may charge a fixed rate of $100 for the service, regardless of the time it takes to complete the task.