"Total compensation" includes:
A)Wages and salaries and all fringe benefits
B)Wages and salaries and public (legally mandated)fringe benefits only
C)Wages and salaries and private (nonmandatory)fringe benefits only
D)Wages and salaries and all fringe benefits net of all personal taxes

Question

Quizplus · Accepted Answer

Total compensation includes all forms of compensation that an employee receives, including wages and salaries as well as any fringe benefits, such as health insurance, retirement benefits, and paid time off. This includes both legally mandated benefits, like Social Security or workers' compensation, as well as nonmandatory benefits, such as bonuses or stock options. Total compensation is often used as a way to compare the value of an employee's compensation package, as it takes into account both cash and non-cash benefits.

"Total Compensation" Includes