1. is the basic pay in an employee's compensation package wherein the amount of money the employee receives may vary from one pay period to the next, as the amount paid is directly dependent on the amount of hours worked. a. Salary b. Income c. Wage d. Earning 2. It is broader term than wages or salary. It is the general term for money received as payment for work rendered or earnings of a business firm. a. Salary b. Income c. Wage d. Earning 3. It is the basic pay in an employee's compensation package wherein there is a fixed annual amount of money the employee receives regardless of the hours worked. a. Salary b. Income c. Wage d. Earning 4. According to Article 83 of the Labor Code of the Philippines, the normal hours of work should not exceed how many hours? a. 8 hrs. b. 10 hrs. c. 6 hrs. d. 4 hrs.

1. is the basic pay in an employee's compensation package wherein the amount of money the employee receives may vary from one pay period to the next, as the amount paid is directly dependent on the amount of hours worked. a. Salary b. Income c. Wage d. Earning 2. It is broader term than wages or salary. It is the general term for money received as payment for work rendered or earnings of a business firm. a. Salary b. Income c. Wage d. Earning 3. It is the basic pay in an employee's compensation package wherein there is a fixed annual amount of money the employee receives regardless of the hours worked. a. Salary b. Income c. Wage d. Earning 4. According to Article 83 of the Labor Code of the Philippines, the normal hours of work should not exceed how many hours? a. 8 hrs. b. 10 hrs. c. 6 hrs. d. 4 hrs.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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