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This question is about salaries.
What is annual compensation?
Annual compensation is an employee's yearly base salary plus the value of any financial benefits their employer provides. This is different from an annual salary because an annual salary only refers to the amount of money an employee is paid per year, while an annual compensation includes all employee benefits.
In addition to annual salary, annual compensation might include:
Annual bonuses or commissions
Health insurance
Dental insurance
Life insurance
Disability insurance
Paid vacations
Retirement plans, such as a 401(k)
Profit-sharing plans
Sick leave
Fringe benefits such as tuition assistance, child care assistance, or gym memberships
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