Correct Answer: Emolument

Solution : The correct choice is the third option.

Wage refers to payment, often for labour or services rendered. Emolument is a term that also relates to compensation, especially in the context of employment or office.

The meanings of the other words are as follows:

• Sycophant: This refers to a person who acts obsequiously towards someone important in order to gain an advantage.
• Jocular: This refers to behaviour characterised by joking or a playful manner. It describes something done with a sense of humour or lightheartedness.
• Jackpot: It refers to a large cash prize in a game or lottery, especially one that accumulates until it is won.

Therefore, the right answer is emolument.