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Q: Which statement describes the term salary?

  • 1
    Salary refers to the fixed amount paid on a daily basis.
  • 2
    Salary refers to the varying amount paid on a daily basis.
  • 3
    Salary refers to the fixed amount paid on a weekly, bi-weekly, or monthly basis.
  • 4
    None of the above
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Answer : 3. "Salary refers to the fixed amount paid on a weekly, bi-weekly, or monthly basis."
Explanation :

Answer: C) Salary refers to the fixed amount paid on a weekly, bi-weekly, or monthly basis. Explanation: A salary is best described as a fixed amount of income that is paid to an individual on a weekly, bi-weekly or monthly basis.   A salary can also be described as the annual earnings paid out over a year.

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