When a paycheck is calculated from the number of hours worked during the week times the hourly rate,what type of system is being used to pay employees?
A) Gainsharing
B) Salary
C) Profit sharing
D) Wage
E) Incentive

Question

Quizplus · Accepted Answer

When employees are given payment based on the hours they work multiplied by an hourly rate, it is considered a wage system. This is the most commonly used payment system for employees who are paid on an hourly basis. Gainsharing, salary, profit sharing, and incentives are different types of payment systems that are not based on hourly work.

When a Paycheck Is Calculated from the Number of Hours