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Compensation Statement
Your online Compensation Statement includes the type and description
of each employer-paid tax, benefit plan, and employer-paid deduction.
The cost of each item lists the Employer
Cost and "Your Cost,"
the cost that you pay for that item, if any.
Under the statement, the total cost of employer-paid deductions
and employer-paid taxes are listed as total
employer cost. Next, your annual salary is listed.
The last line shows your
adjusted compensation. Your adjusted compensation is the amount
of your annual salary plus your employer's contributions to your benefits.
NAVIGATION: My Payroll>
Compensation (typical
navigation sequence)
Example of Compensation Statement
- Type.
The Type is "Employer Tax" for
an employer-paid tax, "Benefit Plan" for a benefit plan, "Employer
Deduction $" for an employer-paid deduction calculated as a dollar
amount, and "Employer Deduction %" for an employer-paid deduction
calculated as a percentage.
- Description.
The description
identifies each employer-paid tax, benefit plan, and employer-paid deduction.
- Employer
Cost. The
employer cost is what your employer pays.
- Your
Cost. "Your Cost" is the cost that you
pay for that item, if any.
- Total
Employer Cost. Under
the statement, the total cost of employer-paid deductions and employer-paid
taxes are listed as total employer cost.
- Your
Annual Salary. Your
estimated annual salary displays.
- Your
Adjusted Compensation. Your
adjusted compensation is your estimated annual salary plus your employer's
contributions to your benefits and payment of employment taxes.