What Is the Difference Between the Annualized Salary and the Annual Salary?
The annual salary is the total amount of money an employee receives for a full year of work. It can be based on hourly wages or a fixed salary.
The annualized salary is the estimation of a salary distributed over a full year. For example, school teachers work over a 10-month period, but are still paid biweekly during the summer. Considering the annualized salary ensures that they receive a regular paycheck throughout the year.