[amp_mcq option1=”actual time” option2=”standard time” option3=”time saved” option4=”overtime” correct=”option1″]<\/p>\n
The correct answer is: A. actual time.<\/p>\n
Time wages are paid on the basis of the actual time worked by the employee. This means that the employee is paid for the number of hours that they work, regardless of how much work they do.<\/p>\n
Standard time is the amount of time that it is expected to take to complete a task. Time saved is the amount of time that an employee takes to complete a task less than the standard time. Overtime is time worked in excess of the standard working hours.<\/p>\n
Here is a table that summarizes the different types of wages:<\/p>\n
| Type of wage | Basis of payment |
\n| ———– | ———– |
\n| Time wages | Actual time worked |
\n| Piece wages | Number of pieces produced |
\n| Commission wages | Percentage of sales |
\n| Salary | Fixed amount per week, month, or year |<\/p>\n
I hope this helps! Let me know if you have any other questions.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”actual time” option2=”standard time” option3=”time saved” option4=”overtime” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-56907","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"\n