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…
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Any periodic payment made in cash other than salary to an employee is known as __________.
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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.
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Andhra Pradesh SET (APSET)