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gross pay
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* Earnings are dollar amounts the employer pays an employee for the work they perform.
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* Earnings are pensionable, insurable and taxable, and therefore subject to all statutory deductions.
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* Allowances are additional dollar amounts paid to employees for the use, or anticipated use, of their personal property for business purposes.
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* Benefits are dollar values attributed to something the employer has either provided to an employee or paid for on an employee’s behalf.
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* Benefits are dollar values attributed to something the employer has either provided to an employee or paid for on an employee's behalf.
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* Expense reimbursements are dollar amounts paid to employees to cover expenses that they incurred while performing their job; they are not considered in the calculation of an employee’s pay.
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* A regular payment has an established frequency, such as weekly-paid salary or wages.
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* A non-regular payment has no established frequency, for example, a bonus or a retroactive adjustment.
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Review Questions
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#. What are the four categories of employment income?
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#. List five methods an employer can use to pay earnings.
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#. What are allowances? Provide an example of an allowance.
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Non-Regular Earnings
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