Final answer:
The compensation plan that combines wage or salary with an additional amount based on the employee's performance is base plus incentive.
Step-by-step explanation:
The compensation plan that combines wage or salary with an additional amount based on the employee's performance is base plus incentive. This type of compensation structure provides a base salary or wage to the employee and then adds an incentive component that is tied to their individual performance. For example, an employee may receive a base salary of $50,000 per year, but they can earn an additional 10% of their salary as a performance bonus if they meet certain targets or goals set by the company. Base plus incentive compensation plans are commonly used to motivate employees to perform at a higher level and reward them for their individual contributions to the company's success.