Remuneration

Remuneration is considered the pay or other compensation provided in exchange for the services performed; not to be confused with giving (away), or donating, or the act of providing to.[1] A number of complementary benefits, however, are increasingly popular remuneration mechanisms. Remuneration is one component of reward management.

Types

Remuneration can include:

United States

For wage withholding purposes under U.S. income tax law, the term "wage" means remuneration (with certain exceptions) for services performed by an employee for an employer.[2]

Common misspelling

The word "remuneration" is often misspelled as "renumeration", which simply means counting or re-counting.

References

  1. ↑ remuneration - WordReference.com Dictionary of English
  2. ↑ See generally subsection (a) of 26 U.S.C. § 3401.
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