Which of the following is the correct term for an arrangement in which an employee is paid a portion of their income at a later stage in life?
A)Late pay
B)Deferred pay
C)Incentives
D)Stock options

Question

Quizplus · Accepted Answer

Deferred pay is the correct term for an arrangement in which an employee is paid a portion of their income at a later stage in life.
Key Takeaway: Deferred compensation is an arrangement for a portion of an employee`s income to be paid out at a future date to compensate the actual income. Good examples of deferred compensation are retirement plans, pensions, life insurance plans, and stock options.

Which of the Following Is the Correct Term for an Arrangement