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Which of the following is correct with regard to treaties in the United States legal system?
Pay Plans
Structured compensation schemes designed by organizations to remunerate employees, including salaries, wages, bonuses, and commissions.
Base Pay
The initial salary paid to an employee, not including any extra bonuses, benefits, or raises.
Merit Pay
A compensation strategy where employees receive salary increases or bonuses based on their performance evaluations, aimed at rewarding high-quality work.
Incentive Pay
Additional compensation awarded to employees as a means of encouraging increased productivity or performance.
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