Aren received a $500 pay bonus as a result of his job performance last year; however, this extra money was not added to his base pay. This is an example of which of the following?

Question

Quizplus · Accepted Answer

Lump-sum merit pay refers to a one-time payment given as a reward for performance, which does not alter the employee's base salary. This matches the description of Aren receiving a $500 bonus that did not increase his base pay.

Aren Received a $500 Pay Bonus as a Result of His