Lønn

“Lønn” is a Norwegian term that translates to “salary” or “wage” in English. It refers to the compensation or payment given to an employee by an employer for their work or services rendered. This payment can be made on an hourly, daily, weekly, or monthly basis and typically reflects the agreed-upon rate of pay for the employee’s labor. Lønn can also include additional benefits, bonuses, or allowances, and is subject to taxation and labor regulations. In many contexts, it encompasses both gross salary (before taxes and deductions) and net salary (after taxes and deductions). The concept of lønn is fundamental to employment relationships, influencing economic stability and standards of living for individuals and families.