Question

What is the meaning of the term "salary" or "wages"?

a.

The remuneration for the work done by an employee

b.

The expenses of the organization

c.

The benefits provided to the employees

d.

The profits earned by the organization

Answer: (a).The remuneration for the work done by an employee Explanation:Salary or wages is considered as the remuneration for the work done by an employee. It may have many components like basic pay, variable pays, allowances, bonus, and so on.

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Q. What is the meaning of the term "salary" or "wages"?

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