The ____ is the extra payment over and above the basic wage rate that is paid to employees who work time in excess of the standard work day or work week.

Question

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The extra payment over and above the basic wage rate for working time in excess of the standard work day or work week is known as overtime premium. Completion premium is a payment made upon completion of a task or project, delay premium is paid for late delivery of goods or services, and delivery premium is an amount paid for delivery of goods or services.

The ____ Is the Extra Payment Over and Above the Basic