Some Payments to Employees Are Directly Calculated on the Amount

question 89

Multiple Choice

Some payments to employees are directly calculated on the amount of time worked. Which of the following terms applies?

• A)wages
• B)salaries
• C)bonuses
• D)incentives

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual rate. This rate can apply to loans, savings, and investments.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee's name on it.

Rubber-stamped Signature

A term used to describe a signature that has been mechanically or electronically duplicated, often used to expedite document processing.

Drawer

The party in a financial transaction who writes and signs a check or draft directing a bank to pay the check’s amount to someone else.