Bill is looking at his pay cheque. He worked 38 hours last week and since he is paid $10.00 per hour, his gross pay was $380.00. Bill's compensation is in the form of
A) variable pay.
B) workers' compensation.
C) salary.
D) wages.
E) bonus.

Question

Quizplus · Accepted Answer

The term "wages" refers to the payment made to an employee based on the number of hours worked, which is the case for Bill. Salaries, on the other hand, typically refer to a fixed payment made to an employee on a regular basis, regardless of the number of hours worked. Variable pay and bonuses are typically forms of compensation that are tied to performance or other factors, whereas workers' compensation refers to insurance benefits for employees who are injured on the job.

Bill Is Looking at His Pay Cheque