A specific amount of money paid for each hour of work is called
A) salary.
B) wage.
C) benefits.
D) bonus.
E) compensation.

Question

Quizplus · Accepted Answer

A specific amount of money paid for each hour of work is called a wage. A salary is a fixed, annual payment, usually paid on a monthly or biweekly basis. Benefits are additional perks or advantages that come with employment, such as health insurance or a retirement plan. A bonus is a one-time payment to employees as a reward for exceptional performance. Compensation refers to all forms of payment and benefits that an employee receives for their work, including salary or wage, bonuses, and benefits.

A Specific Amount of Money Paid for Each Hour of Work