The monetary remuneration of employees,
including the compensation of corporate officers; commissions, tips,
and bonuses; voluntary employee contributions to certain deferred
compensation plans, such as 401(k) plans; and receipts in kind that
represent income. Accruals and disbursements differ in the treatment
of retroactive payments. In the
national
income and product accounts (NIPAs), wage and salary accruals is
the appropriate measure for
gross
domestic income (GDI) and wage and salary disbursements is the
appropriate measure for
personal
income.
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