Think about different ways people are compensated for work, including salary compensation, hourly wages, and contracted compensation. Which statement best describes how salary employees are compensated? A) The amount earned by a person on salary wages is based on revenue earned by the employer. B) Salary compensation is based on how many hours are worked by an employee within a specified pay period. C) A salary is a predetermined annual compensation amount divided by the number of pay periods within a year. D) People who are compensated for their work on a salary are paid minimum wage, but also earn tips from customers.

Respuesta :

The statement that best describes how salary employees are compensated C) A salary is a predetermined annual compensation amount divided by the number of pay periods within a year.

What is a Salary?

A salary can be described as a regular fixed payment that is paid to a person for the service he rendered during a specific period of time.

A salary is therefore a predetermined amount of money paid to a person on a regular basis, e.g. annually or monthly, in exchange for services rendered.

For example, for an employee that is paid an annual salary, the monthly salary will be calculated by dividing the annual salary by twelve which is the number of pay periods or months within a year.

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