A fixed amount of money paid to a worker for each item satisfactorily produced or assembled or each action satisfactorily completed is a .....

FINANCIAL MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A fixed amount of money paid to a worker for each item satisfactorily produced or assembled or each action satisfactorily completed is a ____

A	piece rate pay
B	hourly wage
C	production rate
D	None of the above

Explanation:

Detailed explanation-1: -A salary is a fixed amount of money an employee makes in a year. They receive it through paychecks that are generally consistent in every pay period.

Detailed explanation-2: -Salary – A fixed amount of money that you earn on a regular basis. Your salary may be paid weekly, biweekly, semimonthly, monthly, or annually.

Detailed explanation-3: -A wage is a set amount paid per hour. Your income varies according to the number of hours you work. A salary is a fixed income, and you earn the same amount each year.

Detailed explanation-4: -Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages. The amount remaining after all withholdings are accounted for is net pay or take-home pay.

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BUISENESS MANAGEMENT

FINANCIAL MANAGEMENT