Paralegal Compensation Is Affected by a Number of Factors Including

question 26

Multiple Choice

Paralegal compensation is affected by a number of factors including:

• A)Firm size
• B)Geographic location
• C)Years of work experience
• D)Area of practice
• E)All of these choices are correct

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Definitions:

Amortization

The process of spreading out the original cost of an intangible asset over the duration it serves its purpose.

Dividends

Payments made by a corporation to its shareholder members, derived from the company's earnings.

Investment Account

An account held at a financial institution that is used to buy and sell securities, such as stocks, bonds, mutual funds, and ETFs.

Net Income

The final profit amount for a company once revenues are reduced by expenses and taxes.