Question

The amount sufficient to enable a worker to live in reasonable comfort, having regard to all obligations to which an average worker would ordinarily be subject to *

1 point

a. Minimum Wage

b. Fair Wage

c. Living Wage

d. Nominal Wage​

Answer 1

Answer:

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Answer 2

Answer: The correct option is A. Minimum wage

The amount sufficient to enable a worker in reasonable comfort, having regard to all obligations to which an average worker would ordinarily be subject to is Minimum Wage.

Explanation:

• Wage is a payment, typically in the form of money, made in exchange for labor or services, typically in accordance with the terms of a contract and on an hourly, daily, or piecework basis.
• Fair wage is a payment of money for labor or services, commonly on an hourly, daily, or piecework basis, as part of a contract.
• Living Wage is a pay that is high enough to support a standard of living that is considered to be normal.
• The nominal wage, often known as the money wage, refers to the actual monetary amount that an employee receives either hourly or on a salary basis. For instance, if you are paid $12.00 per hour by your employer for your job, then that amount is considered to be your nominal salary. In the same vein, if your employer gives you a salary that is $48,000 per year, then that amount would also represent your nominal wage.

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