IRS pay categories
- April 4, 2013 |
- CEO Update
Related contentCompensation in Chicago-area associations (2014)2013 SALARY REPORTSCEO pay in large associationsCEO pay in mid-size assocaitions BASEIncludes all base pay, including pre-tax items such as a CEO's personal 401(k) contributions. From the IRS: Listed person's base compensation that was included in box 1 or box 5 of Form W-2 (whichever is greater) or box 7 of Form 1099-MISC, issued to the person. Base compensation means nondiscretionary payments to a person agreed upon in advance, contingent only on the payee's performance of agreed-upon services (such as salary or fees). BONUSIncentive or bonus pay for meeting a performance target, and not pay… Read More