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John Is Just Hired by a Software Company as a Programmer.He

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John is just hired by a software company as a programmer.He is also a part-time student at the local college and needs just a few credits to graduate from this college.A college degree is required in order to work as a programmer in this software company.Therefore,John receives below-minimum pay rate until he graduates from college.What type of pay rate does John receive?


Definitions:

Net Income

The total profit of a company after subtracting all expenses, taxes, and losses from total revenue.

Comparative Balance Sheets

Financial statements that present the financial position of an entity at different points in time, side by side, to facilitate comparison.

Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company's earnings.

Net Income

The amount of money a company retains after subtracting all expenses and taxes from its gross revenue.

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