Which type of taxable income is paid per hour worked?A.A dividendB.A wageC.A royaltyD.A salarySUBMITarrow_backPREVIOUS
Question
Which type of taxable income is paid per hour worked?A.A dividendB.A wageC.A royaltyD.A salarySUBMITarrow_backPREVIOUS
Solution
The type of taxable income that is paid per hour worked is B. A wage.
Here's why:
A. A dividend is a payment made by a corporation to its shareholders, usually in the form of cash or additional shares. It is not related to hours worked.
B. A wage is a fixed regular payment earned for work or services, typically paid on a daily or weekly basis, or per hour worked. Therefore, this is the correct answer.
C. A royalty is a payment made to the owner of a property, patent, copyrighted work, or franchise by those who wish to make use of it for the purposes of generating revenue or other such beneficial activities. It is not related to hours worked.
D. A salary is a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker. It is not typically associated with the number of hours worked.
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