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gross pay

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Alex B.
2025-09-18 12:37:26 -04:00
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docs/source/4_calculating-gross-pay.rst
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@@ -107,37 +107,8 @@ net pay.
Any reimbursements made to an employee for personal living expenses are considered taxable to the employee, included in income and subject to statutory withholdings.
Content Review
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* Remuneration is compensation or pay for services performed.
* Employment income can be categorized into earnings, allowances, benefits and taxable expense reimbursements.
* Earnings are dollar amounts the employer pays an employee for the work they perform.
* Earnings are pensionable, insurable and taxable, and therefore subject to all statutory deductions.
* Allowances are additional dollar amounts paid to employees for the use, or anticipated use, of their personal property for business purposes.
* Benefits are dollar values attributed to something the employer has either provided to an employee or paid for on an employee's behalf.
* 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.
* A regular payment has an established frequency, such as weekly-paid salary or wages.
* A non-regular payment has no established frequency, for example, a bonus or a retroactive adjustment.
* Employment standards legislation in all jurisdictions, except for federal (Canada Labour Code, Part III) and Ontario, requires that employees receive their pay according to a specified frequency.
* As long as an employer meets the minimum standard requirement, they can select the pay period frequency that best suits their organization.
* An organization can establish different pay frequencies for different groups of employees.
* The most common pay period frequencies are weekly, bi-weekly, semi-monthly and monthly.
Review Questions
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#. What are the four categories of employment income?
#. List five methods an employer can use to pay earnings.
#. What are allowances? Provide an example of an allowance.
#. What are benefits? Provide an example of a benefit.
#. What are expense reimbursements?
#. List two of the most common types of pay period frequencies.
Types of Regular Earnings
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Non-Regular Earnings
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