Wages are paid for :a)Short term period b)term periodc)All of the give...
The correct answer is Option A) Short term period
Explanation:
Wages are payments made to employees for their services during a short term period. Here are some more details:
- Wages are typically paid on an hourly, daily, or weekly basis.
- They are a form of compensation provided to employees in exchange for their labor.
- Wages are usually determined by the number of hours worked, multiplied by an hourly rate.
- They are most commonly associated with jobs that require manual labor, entry-level positions, or part-time work.
- Wage payments are subject to taxes and other deductions as per the applicable laws and regulations.
- The Fair Labor Standards Act (FLSA) sets the minimum wage, overtime pay, and other wage-related standards in the United States.
In summary, wages are paid for a short term period, and they are based on the number of hours worked and the rate of pay per hour. Wages are subject to deductions and taxes, and they are regulated by labor laws and standards.
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Wages are paid for :a)Short term period b)term periodc)All of the give...
The correct answer is Option A) Short term period
Explanation:
Wages are payments made to employees for their services during a short term period. Here are some more details:
- Wages are typically paid on an hourly, daily, or weekly basis.
- They are a form of compensation provided to employees in exchange for their labor.
- Wages are usually determined by the number of hours worked, multiplied by an hourly rate.
- They are most commonly associated with jobs that require manual labor, entry-level positions, or part-time work.
- Wage payments are subject to taxes and other deductions as per the applicable laws and regulations.
- The Fair Labor Standards Act (FLSA) sets the minimum wage, overtime pay, and other wage-related standards in the United States.
In summary, wages are paid for a short term period, and they are based on the number of hours worked and the rate of pay per hour. Wages are subject to deductions and taxes, and they are regulated by labor laws and standards.
Wages are paid for :a)Short term period b)term periodc)All of the give...
Explanation:
Wages are payments made to employees in exchange for their labor or services. They can be paid for different time periods, such as short term or long term. However, the correct answer is option 'A', which states that wages are paid for a short term period.
Short term period:
- Wages are commonly paid on a short term basis, typically on a weekly, bi-weekly, or monthly basis.
- This means that employees receive their wages for the work they have performed within a specific period of time, such as a week or a month.
- The payment is usually calculated based on the number of hours worked or a fixed salary for the specific time period.
Long term period:
- In contrast to wages, long term payments are usually referred to as salaries.
- Salaries are typically paid on a monthly or annual basis and are often associated with employment contracts or agreements.
- These payments are not necessarily tied to the number of hours worked but rather to the position or level of employment.
Other options:
- The option 'B' states that wages are paid for a term period, which is not entirely accurate. While wages can be paid for a specific term or contract, they are more commonly associated with short term periods.
- Option 'C' states that wages are paid for all of the given options, which is incorrect as salaries are not considered wages.
- Option 'D' states that none of the given options are correct, which is also incorrect as wages are indeed paid for a short term period.
In conclusion, wages are typically paid for a short term period, such as weekly, bi-weekly, or monthly, based on the number of hours worked or a fixed salary for the specific time period.