An employee who receives a set sum each pay period, regardless of the amount of time worked, is receiving which of the following types of compensation?

Question

Quizplus · Accepted Answer

An employee who receives a set sum each pay period, regardless of the amount of time worked, is receiving a salary. This type of compensation is not dependent on the number of hours worked, unlike hourly wages, and is not based on performance like commission. It is also not related to minimum wage or severance pay.

An Employee Who Receives a Set Sum Each Pay Period