Question

A fixed amount of money per year paid to an employee to do a job is known as a _________?

Answer 1

A fixed amount of money per year paid to an employee to do a job is known as a salary. This predetermined amount can create problems over time due to inflation.

Step-by-step explanation:

The fixed amount of money per year paid to an employee to do a job is known as a salary. A salary is a predetermined amount agreed upon between the employer and the employee, usually set as an annual payment. This fixed income can create problems over time due to inflation, as the buying power of the salary may decrease.