When computing national income,which of the following is included in compensation of employees?
A) wages and salaries paid to employees
B) employers' contributions to Social Security and employee benefit plans
C) the monetary value of fringe benefits,tips,and paid vacations
D) all of the above

Question

Quizplus · Accepted Answer

Compensation of employees includes all the options mentioned in the choices which are wages and salaries paid to employees, employer's contributions to Social Security and employee benefit plans, and the monetary value of fringe benefits, tips, and paid vacations. Therefore, all of the above options are included while computing national income.

When Computing National Income,which of the Following Is Included in Compensation