Which of the following is the best example of variable pay?
A) Basic pay
B) Conveyance allowance
C) Severance pay
D) Incentive

Question

Quizplus · Accepted Answer

Incentive pay is the best example of variable pay because it is directly linked to an employee's performance or output. The amount of incentive pay that an employee receives can vary depending on how well they meet pre-determined targets or goals. Basic pay and conveyance allowance are fixed components of an employee's pay package, while severance pay is a one-time payment made to an employee upon termination.

Which of the Following Is the Best Example of Variable