Joshua is paid the minimum hourly rate for his work as a lifeguard.Joshua's compensation is called a ________.
A) salary
B) wage
C) commission
D) bonus
E) defined contribution plan

Question

Quizplus · Accepted Answer

Joshua's compensation is referred to as a wage because he is paid a set amount for each hour that he works. Salaried employees, however, are paid a fixed amount regardless of how many hours they work. Commission is a percentage of sales, bonus is an additional amount given as a reward for good work or performance, and defined contribution plan is a type of retirement plan.

Joshua Is Paid the Minimum Hourly Rate for His Work