B Com Exam > B Com Questions > What is the basis for calculating the bonus p...
Start Learning for Free
What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?
- a)The calculation is based on their basic salary.
- b)The calculation remains the same regardless of salary.
- c)The bonus is not applicable for employees with higher salaries.
- d)The calculation assumes their salary is equal to the specified limit.
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
What is the basis for calculating the bonus payable to employees if th...
The correct answer is option D: The calculation assumes their salary is equal to the specified limit.
Explanation:
When the question states that the bonus payable to employees is calculated based on their salary exceeding a certain amount, it means that the bonus is applicable only if the employee's salary is higher than a specified limit. In this case, the calculation assumes that the employee's salary is equal to the specified limit.
To further understand this, let's break down the options:
a) The calculation is based on their basic salary.
This option implies that the bonus is calculated based on the employee's basic salary, regardless of whether it exceeds a certain amount or not. However, the question specifically mentions that the bonus is payable only if the salary exceeds a certain amount, so this option is not correct.
b) The calculation remains the same regardless of salary.
This option suggests that the calculation of the bonus is constant and does not depend on the employee's salary. However, the question clearly states that the bonus is payable only if the salary exceeds a certain amount, so this option is also incorrect.
c) The bonus is not applicable for employees with higher salaries.
This option states that employees with higher salaries are not eligible for the bonus. However, the question states that the bonus is payable to employees if their salary exceeds a certain amount, so this option is incorrect.
d) The calculation assumes their salary is equal to the specified limit.
This option correctly represents the basis for calculating the bonus payable to employees. It means that the calculation assumes the employee's salary is equal to the specified limit, and the bonus is payable only if their actual salary exceeds this amount. This implies that the bonus is calculated based on the difference between the employee's actual salary and the specified limit.
In conclusion, the correct answer is option D: The calculation assumes their salary is equal to the specified limit.
Explanation:
When the question states that the bonus payable to employees is calculated based on their salary exceeding a certain amount, it means that the bonus is applicable only if the employee's salary is higher than a specified limit. In this case, the calculation assumes that the employee's salary is equal to the specified limit.
To further understand this, let's break down the options:
a) The calculation is based on their basic salary.
This option implies that the bonus is calculated based on the employee's basic salary, regardless of whether it exceeds a certain amount or not. However, the question specifically mentions that the bonus is payable only if the salary exceeds a certain amount, so this option is not correct.
b) The calculation remains the same regardless of salary.
This option suggests that the calculation of the bonus is constant and does not depend on the employee's salary. However, the question clearly states that the bonus is payable only if the salary exceeds a certain amount, so this option is also incorrect.
c) The bonus is not applicable for employees with higher salaries.
This option states that employees with higher salaries are not eligible for the bonus. However, the question states that the bonus is payable to employees if their salary exceeds a certain amount, so this option is incorrect.
d) The calculation assumes their salary is equal to the specified limit.
This option correctly represents the basis for calculating the bonus payable to employees. It means that the calculation assumes the employee's salary is equal to the specified limit, and the bonus is payable only if their actual salary exceeds this amount. This implies that the bonus is calculated based on the difference between the employee's actual salary and the specified limit.
In conclusion, the correct answer is option D: The calculation assumes their salary is equal to the specified limit.
|
Explore Courses for B Com exam
|
|
Similar B Com Doubts
What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer?
Question Description
What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer?.
What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer?.
Solutions for What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com.
Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice What is the basis for calculating the bonus payable to employees if their salary exceeds a certain amount?a)The calculation is based on their basic salary.b)The calculation remains the same regardless of salary.c)The bonus is not applicable for employees with higher salaries.d)The calculation assumes their salary is equal to the specified limit.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice B Com tests.
|
|
Explore Courses for B Com exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup