This Question Has Two Parts; Be Sure to Answer Both

question 16

Essay

This question has two parts; be sure to answer both.
First, list and describe the three parts of compensation.
Second, consider this situation: Fred earns a $47,000 yearly salary as the store manager of a local Burger King's franchise. The owner of the franchise pays for medical and dental insurance for Fred and his family. In addition, Fred can earn a $1,100 bonus for each month the store exceeds $275,000 in revenue. Explain how Fred's compensation breaks down into the three different parts of compensation.

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Definitions:

Certifications

Denotes official recognitions or validations that an individual has achieved a certain level of skill, knowledge, or competence, usually in a specific profession or field.

Duress

a situation where a person is compelled to act against their will or make a contract under pressure or threats, rendering the agreement potentially voidable.

Legal Consent

Agreement given based on a clear understanding of the facts and implications, recognized as valid by law.

Threat

An expression of an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.