Johnny is compensated based on a rate of $25.00 per hour worked. Which of the following terms best describes the manner in which Johnny is compensated?
The key here is that Johnny is compensated based on hours worked, not a fixed salary or commission. So I'm going to go with B) wage as the best answer.
I'm feeling a bit lost on this one. Is there anything in the question that can help me eliminate some of the options? I want to make sure I get this right.
Okay, let me break this down. Wage is an hourly rate, commission is based on sales, piece rate is per unit, and salary is a fixed amount. I'm pretty confident B) wage is the right answer here.
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