Which of the following statements is true?
A) Salary is inclusive of compensation for overtime work.
B) Hourly wage and piecework system are forms of incentives.
C) Pay is the hourly, weekly, or monthly salary an employee earns.
D) Total pay is divided into pay and incentives.
E) Fringe benefits, health benefits, and 401(k) plans are a part of one's salary.

Question

Quizplus · Accepted Answer

Pay refers to the hourly, weekly, or monthly salary an employee earns. Salary is typically not inclusive of compensation for overtime work, which would be considered an additional form of pay. Hourly wage and piecework systems are not technically forms of incentives, but simply different methods of calculating pay. Incentives are typically additional forms of compensation beyond base pay. Fringe benefits, health benefits, and 401(k) plans are not typically considered part of one's salary, but rather additional benefits provided by the employer.

Which of the Following Statements Is True