Simplify

question 126

Short Answer

Simplify.

---

Definitions:

Living Wage

A wage that is high enough to maintain a normal standard of living, covering an individual's or family's basic costs of living.

Minimum Wage

The lowest legal hourly pay that employers can compensate workers, set by government law.

Pay Grade

A step or level within an organization’s pay structure that defines the pay scale for job positions according to their responsibility, skill level, and job characteristics.

Pay Structure

The organization of different levels of pay for different jobs within a company, reflecting factors such as skill, seniority, and performance.