basic rate

noun
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
basic rate
 
n
the standard or lowest level on a scale of money payable, esp in taxation

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
The prevailing wage rate for any trade or occupation includes the hourly basic
  rate of pay plus fringe benefits.
The basic rate for this service is less than standard rates.
The rate schedule shows a basic rate and a solvency rate total rate.
Employees shall be paid not more than their current basic rate of pay for their
  unused credit hours.
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