Open main menu

Wikipedia β

Remuneration is considered the tips provided to an employee by an employer 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.[citation needed] Remuneration is one component of reward management.

Contents

TypesEdit

United StatesEdit

Congress identifies the legal use of the term "remuneration" under the Social Security Amendments of 1965, Public Law 89–97. Therein at § 313(a)(2), it provides that "tips" be considered remuneration and that such remuneration be deemed paid as of the filing of a written statement or as of the time received. Consequently, The Internal Revenue Code at Title 26 U.S.C. § 3401(f) provides "tips" as the only included item under the § 3401(a) definition of "remuneration for services performed" ("wages").

Common misspellingEdit

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

ReferencesEdit

External linksEdit