This Question Has Two Parts; Be Sure to Answer Both

This question has two parts; be sure to answer both.
First, list and describe the three parts of compensation.
Second, consider this situation: Fred earns a $47,000 yearly salary as the store manager of a local Burger King's franchise. The owner of the franchise pays for medical and dental insurance for Fred and his family. In addition, Fred can earn a $1,100 bonus for each month the store exceeds $275,000 in revenue. Explain how Fred's compensation breaks down into the three different parts of compensation.

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Compensation has three parts: wages or s...

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