The money paid per hour for work done is_________

Step 1: Analyze the question The question asks for the term used for money paid per hour of work done. The key phrase is "per hour," which tells us how the payment is calculated.

Step 2: Explain the concepts

• Cost: The amount spent to produce or buy something. It is not a payment to a worker for time worked.
• Salary: A fixed payment, usually made monthly or annually, regardless of the exact number of hours worked. Examples are office workers and civil servants.
• Bonus: An extra payment on top of normal pay, given as a reward for good performance or at festive periods.
• Wage rate: The payment to a worker per unit of time, usually per hour or per day, or per piece of work done. Wages are common for casual, manual, and hourly workers.

Step 3: Match the definition to the options Payment calculated per hour is a time-based rate. This matches the wage rate. Salary is a fixed periodic amount (monthly or yearly), so it does not fit. Bonus is an extra reward, and cost is not a payment for labour in this sense.

Step 4: Answer The correct option is D. wage rate.

Tip: Remember it this way:

• Wage = Work and get paid by the hour or day.
• Salary = fixed pay by the month or year.
• Bonus = an extra reward.

When you see "per hour" or "per day" in a question, think wage.