Which of the following terms refers to employment compensation?

The term "wage" specifically refers to compensation received by employees for their work, typically calculated on an hourly basis. It represents the payment made to workers in exchange for their labor, forming a fundamental aspect of employment agreements. Wages can vary based on factors such as industry standards, regional economic conditions, and the nature of the work performed. In this context, all forms of monetary compensation can be considered as remuneration, but "wage" is the most direct term that encompasses this concept, particularly in relation to hourly paid employees.

While other options also relate to employment compensation—such as salary, which usually signifies a fixed amount paid annually, and bonus, which is an additional payment often based on performance—wage encompasses the most immediate understanding of compensation as it pertains to time worked. The concept of overpayment, while it involves compensation, refers to a scenario in which an employer pays an employee more than what was agreed upon, rather than a standard method of compensation. Hence, "wage" is the most appropriate term for general employment compensation.