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What does a "salary" usually refer to?
- a)A fixed payment based on an hourly rate
- b)A payment made to workers for a specific job or task
- c)A fixed regular payment generally paid monthly by an employer to an employee
- d)A non-cash compensation for services rendered
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What does a "salary" usually refer to?a)A fixed payment base...
Understanding Salary
Salary is a term commonly used in the context of employment, and it typically refers to a regular compensation paid to employees. Here’s a detailed explanation of why option 'C' is the correct answer.
Fixed Regular Payment
- A salary is defined as a fixed regular payment made to employees.
- This payment is generally consistent and does not fluctuate based on the number of hours worked or tasks completed.
Monthly Payments
- Salaries are typically paid on a monthly basis, though some companies may pay bi-weekly or weekly.
- This regularity helps employees manage their finances effectively, allowing them to budget for their expenses.
Employment Context
- A salary is usually associated with full-time positions, where employees are not paid hourly but receive a predetermined amount for their work.
- This contrasts with hourly wages, which are based on the number of hours worked.
Benefits of a Salary
- Receiving a salary can provide job security and predictability, as employees know what to expect in terms of income.
- Salaries may also come with additional benefits, such as health insurance, retirement plans, and paid time off.
In conclusion, a salary is a fixed regular payment made by an employer to an employee, typically paid monthly, which distinguishes it from other forms of compensation like hourly wages or task-based payments. This structure is beneficial for both employees and employers, fostering a stable working relationship.
Salary is a term commonly used in the context of employment, and it typically refers to a regular compensation paid to employees. Here’s a detailed explanation of why option 'C' is the correct answer.
Fixed Regular Payment
- A salary is defined as a fixed regular payment made to employees.
- This payment is generally consistent and does not fluctuate based on the number of hours worked or tasks completed.
Monthly Payments
- Salaries are typically paid on a monthly basis, though some companies may pay bi-weekly or weekly.
- This regularity helps employees manage their finances effectively, allowing them to budget for their expenses.
Employment Context
- A salary is usually associated with full-time positions, where employees are not paid hourly but receive a predetermined amount for their work.
- This contrasts with hourly wages, which are based on the number of hours worked.
Benefits of a Salary
- Receiving a salary can provide job security and predictability, as employees know what to expect in terms of income.
- Salaries may also come with additional benefits, such as health insurance, retirement plans, and paid time off.
In conclusion, a salary is a fixed regular payment made by an employer to an employee, typically paid monthly, which distinguishes it from other forms of compensation like hourly wages or task-based payments. This structure is beneficial for both employees and employers, fostering a stable working relationship.
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What does a "salary" usually refer to?a)A fixed payment base...
A "salary" is a fixed regular payment, typically paid on a monthly basis, provided to an employee by an employer. Unlike wages, which can vary based on the amount of work done, a salary remains constant regardless of hours worked.
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What does a "salary" usually refer to?a)A fixed payment based on an hourly rateb)A payment made to workers for a specific job or taskc)A fixed regular payment generally paid monthly by an employer to an employeed)A non-cash compensation for services renderedCorrect answer is option 'C'. Can you explain this answer? for Class 6 2025 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about What does a "salary" usually refer to?a)A fixed payment based on an hourly rateb)A payment made to workers for a specific job or taskc)A fixed regular payment generally paid monthly by an employer to an employeed)A non-cash compensation for services renderedCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 6 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does a "salary" usually refer to?a)A fixed payment based on an hourly rateb)A payment made to workers for a specific job or taskc)A fixed regular payment generally paid monthly by an employer to an employeed)A non-cash compensation for services renderedCorrect answer is option 'C'. Can you explain this answer?.
What does a "salary" usually refer to?a)A fixed payment based on an hourly rateb)A payment made to workers for a specific job or taskc)A fixed regular payment generally paid monthly by an employer to an employeed)A non-cash compensation for services renderedCorrect answer is option 'C'. Can you explain this answer? for Class 6 2025 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about What does a "salary" usually refer to?a)A fixed payment based on an hourly rateb)A payment made to workers for a specific job or taskc)A fixed regular payment generally paid monthly by an employer to an employeed)A non-cash compensation for services renderedCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 6 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does a "salary" usually refer to?a)A fixed payment based on an hourly rateb)A payment made to workers for a specific job or taskc)A fixed regular payment generally paid monthly by an employer to an employeed)A non-cash compensation for services renderedCorrect answer is option 'C'. Can you explain this answer?.
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What does a "salary" usually refer to?a)A fixed payment based on an hourly rateb)A payment made to workers for a specific job or taskc)A fixed regular payment generally paid monthly by an employer to an employeed)A non-cash compensation for services renderedCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for What does a "salary" usually refer to?a)A fixed payment based on an hourly rateb)A payment made to workers for a specific job or taskc)A fixed regular payment generally paid monthly by an employer to an employeed)A non-cash compensation for services renderedCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of What does a "salary" usually refer to?a)A fixed payment based on an hourly rateb)A payment made to workers for a specific job or taskc)A fixed regular payment generally paid monthly by an employer to an employeed)A non-cash compensation for services renderedCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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