)Workers Who Are Paid a __________ Receive a Fixed Compensation

question 256

Multiple Choice

) Workers who are paid a __________ receive a fixed compensation weekly,biweekly,or monthly.

• A)commission
• B)salary
• C)piecework rate
• D)royalty

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Definitions:

General Principles

Broad and fundamental guidelines or rules that form the basis for a field of study or profession.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting used in any given jurisdiction, notably in the United States.

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Tax Treatment

The specific methodology applied to determine the amount of taxes owed by an individual or business.