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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