Future Business Leaders of America (FBLA) Agribusiness Practice Test

How often does an employee receive payment on a monthly pay schedule?

1. Every week

2. Bi-weekly

3. Once each month

4. Daily

The correct answer is: Once each month

Receiving payment on a monthly pay schedule means that an employee is compensated for their work once at the end of each month. This setup is common in many businesses, particularly for salaried positions, where employees are paid a set amount for their work within that month. The other options describe different pay schedules. Weekly pay means employees are paid every week, which results in 52 payments a year. A bi-weekly pay schedule consists of payments every two weeks, leading to 26 payments each year. Daily pay involves receiving payment at the end of each working day, providing the most frequent payment cycle among the options. Hence, the correct understanding of monthly pay is characterized by a single payment made once each month.