A stated percentage of revenue paid an employee who transacts a piece of business or performs a service is called:
A) a piece rate.
B) a commission.
C) a regular hourly rate.
D) a remunerative salary.
E) none of the above.

Question

Quizplus · Accepted Answer

A commission is a stated percentage of revenue paid to an employee who transacts a piece of business or performs a service. A piece rate is a payment method where an employee is paid for each unit of work completed. A regular hourly rate is a fixed payment amount for each hour worked. Remunerative salary refers to the overall compensation package of an employee, including base salary and benefits. Therefore, the best choice is B.

A Stated Percentage of Revenue Paid an Employee Who Transacts