I thought that compensation was given as a payment or reparation for service or loss. In my opinion, a person's salary is the compensation, and the bonus is given freely for how well the service is performed.
2007-03-23 06:16:40 · 5 answers · asked by Kandie 1 in Politics & Government ➔ Law & Ethics
Bonuses are not always given freely - they can be, and often are, contractual. In any event, they are always considered compensation, whether by the IRS or any other reviewing authority, such as a divorce court.
2007-03-23 12:46:20 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Compensation is something of value that you are given for the work that you do. So, a bonus is absolutely compensation, and I can't see why someone wouldn't want it to be.
2007-03-23 06:22:47 · answer #2 · answered by Teekno 7 · 1⤊ 0⤋
Bonuses are almost always performance-based, so they are being given freely but they are still based on what was done.
And under most tax laws, bonues are no different than other income.
2007-03-23 06:19:34 · answer #3 · answered by coragryph 7 · 3⤊ 1⤋
Bonus is from extra profits, and compensation is for the losses you suffered during job.
2007-03-23 06:28:01 · answer #4 · answered by dragon77 2 · 0⤊ 2⤋
well you thought wrong
2007-03-23 06:25:30 · answer #5 · answered by syd p 3 · 0⤊ 1⤋