Question

Which type of compensation is it when an employee is paid $7.50 per hour worked?
a. straight salary
b. time wage
c. benefits
d. incentive pay

Answer 1

The correct answer is **b. time wage**. This type of compensation is based on the number of hours worked, typically paid at an hourly rate. In this case, the employee is paid $7.50 for each hour they work, which fits the definition of a time wage.