Compensation

Compensation means:
direct and indirect monetary and nonmonetary rewards given to employees. Generally taxable as ordinary income, with tax sheltering allowed for Section 401(k) plans, Keogh plans, and tax-sheltered annuities. Former IRC (check if this IRC provision is current here) §§3231(e) and 3306(h).

U.S. and other Developed Countries International Tax Meaning

Direct and indirect monetary and non-monetary rewards to employees.