Consider two software engineers, Alice and Bob, working at the same company. Both Alice and Bob believe they are putting in equal effort $($input$)$ in their respective projects. However, Alice perceives that she is receiving significantly more recognition and reward $($output$)$ than Bob, despite their similar efforts. On the other hand, Bob feels that despite his equal effort, he is receiving less recognition and reward compared to Alice, based on his assessment of their skills and experience. According to the Equity Theory, what terms best describe the perceived inequities for Alice and Bob? $($two answers$)$

Group of answer choices

Equity

Inequality

Equillibrium

Underpayment inequity

Overpayment inequity