Site navigation

Any periodic payment made in cash other than salary to an employee is known as __________.

An allowance is a periodic monetary payment made in cash to an employee other than basic salary, commonly to meet a particular requirement or expense. A perk (perquisite) is…

Choose your answer

Any periodic payment made in cash other than salary to an employee is known as __________.

Select one answer
Answer and explanation

Correct answer C

An allowance is a periodic monetary payment made in cash to an employee other than basic salary, commonly to meet a particular requirement or expense. A perk (perquisite) is typically a non-cash benefit or facility provided by the employer, arrears are overdue payments from an earlier period, and income is a broad term rather than the specific payroll payment.

Practice for these exams

  • Andhra Pradesh SET (APSET)

Related question papers

Related exam syllabi

Related questions in this topic