An emolument over and above fixed income or salary is?
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Answer: D. perquisite
Explanation
A perquisite is an extra benefit or profit received on top of a regular salary. The term encompasses perks like company cars or housing allowances provided to employees. Such emoluments serve as financial incentives complementing standard employment compensation. Business executives and specialized professionals often negotiate perquisites in their employment contracts. Tax authorities regulate how corporations report employee perks and additional financial benefits. The word derives from Latin roots relating to things gained over and above expected returns.
Corporate compensation packages frequently highlight various perquisites to attract top industry talent. Understanding professional terminology helps workers navigate employment contract negotiations successfully. Economics textbooks discuss perquisites when analyzing total compensation and worker incentives. An honorarium is a voluntary payment given for professional services where no fee is legally set. A sinecure is an office requiring little work but providing a comfortable financial income. A prerogative is an exclusive right or privilege held by a person or ruling body.
- Subject
- English
- Category
- English Grammar and Vocabulary
- Topic
- —
- Difficulty
- medium
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