Essay
This question has two parts;be sure to answer both.First,list and describe the three parts of compensation.Second,consider this situation: Felix earns a $45,000 yearly salary as the store manager of a local McDonald's franchise.The owner of the franchise pays for medical and dental insurance for Felix and his family.In addition,Felix can earn a $1,000 bonus for each month the store exceeds $250,000 in revenue.Explain how Felix's compensation breaks down into the three different parts of compensation.
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