A fixed amount paid to an employee for each pay period is a

A fixed amount paid to an employee for each pay period is a

• A. Bank
• B. Salary
• C. Income
• D. Transfer

Answer: (B)

A fixed amount paid to an employee for each pay period is called salary. Salary means a set amount you receive regularly, like the same paycheck every month or every two weeks, no matter how many hours you worked. This distinguishes it from other ideas like bank (a place where money is kept or moved), transfer (moving money between accounts), or income (money you earn in general, which can include different types of pay). Because the question describes a regular, unchanging payment per period, salary is the best fit.

A fixed amount paid to an employee for each pay period is called salary. Salary means a set amount you receive regularly, like the same paycheck every month or every two weeks, no matter how many hours you worked. This distinguishes it from other ideas like bank (a place where money is kept or moved), transfer (moving money between accounts), or income (money you earn in general, which can include different types of pay). Because the question describes a regular, unchanging payment per period, salary is the best fit.