Complete the table to show how each type of employee pay is generally stated
Employee pay Generally stated as
Salary
Wages
Commission
Bonus
Benefits
What will be an ideal response
Employee pay Generally stated as
Salary An annual, monthly, or weekly rate
Wages An hourly rate
Commission A percentage of a sale amount
Bonus Pay over and above base salary, usually for exceptional performance
Benefits Extra compensation for items such as health, life, or disability insurance or for retirement
You might also like to view...
The primary difference between variable and absorption costing is the treatment of fixed factory overhead costs
Indicate whether the statement is true or false
What is a recovery operations center? What is its purpose?
Consumer information provider Nielsen uses a life-stage segmentation system that places U.S. households into one of 66 different life-stage groups
According to Nielsen's groups, which of the following refers to the group consisting of hip, single twenty-somethings who are politically liberal, listen to alternative music, and enjoy lively nightlife? A) Striving Singles B) Young Achievers C) Bohemian Mix D) Young Influentials E) Young Digerati
In January 2014, Albert Corporation acquired 20 percent of the outstanding common stock of Peter Company for $1,120,000 . This investment gave Albert the ability to exercise significant influence over Peter. The book value of the acquired shares was $840,000 . The excess of cost over book value was attributed to an identifiable intangible asset that was undervalued on Peter's balance sheet and
that had a remaining useful life of ten years. For the year ended December 31 . 2014, Peter reported net income of $252,000 and paid cash dividends of $56,000 on its common stock. What is the proper carrying value of Albert's investment in Peter at December 31 . 2014? a. $1,080,800 b. $1,092,000 c. $1,131,200 d. $1,181,600