Which term describes payment for work, usually paid weekly?

Which term describes payment for work, usually paid weekly?

• A. Wage
• B. Time rate
• C. Piece rate
• D. Salary

Answer: (A)

Wages describe money earned for work, typically calculated by hours and paid on a weekly basis. This contrasts with salary, which is a fixed amount usually paid monthly or yearly regardless of hours. Time rate refers to the method of paying by the hour, which often leads to weekly wages, while piece rate pays per unit produced. Since the question focuses on payment for work and emphasizes weekly pay, the term that fits best is wage.

Wages describe money earned for work, typically calculated by hours and paid on a weekly basis. This contrasts with salary, which is a fixed amount usually paid monthly or yearly regardless of hours. Time rate refers to the method of paying by the hour, which often leads to weekly wages, while piece rate pays per unit produced. Since the question focuses on payment for work and emphasizes weekly pay, the term that fits best is wage.