EMPLOYEE COMPENSATION
Employee compensation includes the employees’ base salaries plus any other financial incentives including commissions; bonuses; company contributions to health, life, and professional insurance; 401(k) contributions; educational reimbursements; stocks and options; plus fringe benefits such as vehicle, telephone, Internet, office and furnishings, housing and support service allowances, club dues, and any other items that the employees are recompensed for in return for their services.
I am including all of the employees’ perceived benefits as well as the actual compensation employees receive from the business (which may not be consistent with the IRS’s definition of compensation). All forms of compensation need to be planned ...
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