Additional payment to workers, above the basic wage/salary, as a reward for good work?

Additional payment to workers, above the basic wage/salary, as a reward for good work?

• A. Bonus
• B. Commission
• C. Profit Sharing
• D. Wage

Answer: (A)

Extra pay beyond the basic wage given as a reward for good work is called a bonus. A bonus is awarded to recognise performance, meeting targets, or exceptional effort, and it isn’t tied to regular hours or a specific sale. This makes it the best fit for describing extra pay as a reward for good work. Commission is typically earned as a percentage of sales, so it’s tied to selling performance rather than rewarding general good performance. Profit sharing distributes profits among employees based on overall company profits, not necessarily individual achievement. Wage is the regular, base pay and isn’t extra compensation.

Extra pay beyond the basic wage given as a reward for good work is called a bonus. A bonus is awarded to recognise performance, meeting targets, or exceptional effort, and it isn’t tied to regular hours or a specific sale. This makes it the best fit for describing extra pay as a reward for good work.

Commission is typically earned as a percentage of sales, so it’s tied to selling performance rather than rewarding general good performance. Profit sharing distributes profits among employees based on overall company profits, not necessarily individual achievement. Wage is the regular, base pay and isn’t extra compensation.