Which statement describes the term salary? Select one of the options below as your answer: A. Salary refers to the fixed amount paid on a daily basis. B. Salary refers to the varying amount paid on a daily basis. C. Salary refers to the fixed amount paid on a weekly, bi-weekly, or monthly basis.

A salary is best described as a fixed amount of income that is paid to an individual on a weekly, bi-weekly or monthly basis. A salary can also be described as the annual earnings paid out over a year. For example if a person earned $10 per hour and worked 8 hours a day and 5 days a week, their weekly salary is $400.