Question

_________is a sum of money paid by an employer to an employee for services rendered in the company

A Pension Correct Answer Incorrect Answer
B Gratuity Correct Answer Incorrect Answer
C Salary Correct Answer Incorrect Answer
D Premium Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Gratuity is the sum of money paid by an employer to an employee for his/her rendered services to the organization for the tenure of his/her services.

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