The parts of an employee's pay that is comprised of base pay,bonuses,gratuities,overtime,sick pay ,and vacation allowances are known as ____.
A)payroll run
B)statutory deductions
C)voluntary deductions
D)remuneration elements

Question

Quizplus · Accepted Answer

Remuneration elements refer to the various components that make up an employee's pay, including base pay, bonuses, gratuities, overtime, sick pay, and vacation allowances. Payroll run refers to the process of calculating and disbursing employee pay. Statutory deductions are mandatory deductions from an employee's pay, such as taxes and social security contributions. Voluntary deductions are optional deductions, such as contributions to a retirement savings plan or health insurance premiums.

The Parts of an Employee's Pay That Is Comprised of Base