EARNINGS
Earnings
Earnings are the entire amount of money an employee makes before taxes and other deductions in the context of employee compensation. It includes all types of remuneration paid to an employee in exchange for their work. Wages, salaries, bonuses, commissions, overtime pay, and any other monetary allowances or benefits are part of Earnings.
Earnings are often determined on a weekly, biweekly, or monthly basis and recorded on payroll records. They are a significant component of an employees overall financial well-being. Additionally, they are used to determine tax withholdings, social security contributions, and benefit eligibility.