What is the definition of salary?

The definition of salary refers specifically to compensation typically paid in cash for work performed, usually on a regular basis such as weekly, bi-weekly, or monthly. This distinguishes salary from other forms of compensation or income that might come from different sources or in other forms.

Salary is a fixed amount agreed upon by an employer and an employee, and it is not directly tied to the number of hours worked or the amount of output produced, which is a characteristic that sets it apart from hourly wages or commission-based pay. In this context, it signifies a steady income that individuals can rely on for budgeting and financial planning.

The other choices describe aspects of income or compensation but do not align with the specific definition of salary. For instance, some forms of income may include non-monetary benefits, while others might involve sales revenue rather than compensation for work. Taking the definition of salary into account, it is clear that the option referring to it as compensation for work performed accurately captures its essence.