What is considered payroll/remuneration?
Premiums for Workers’ Compensation insurance are based on payroll, which is defined as total remuneration for services performed by an employee. In most states, remuneration means money or substitutes for money, including:
- Vacation, sick, and/or holiday pay
- Tax-deferred payments (cafeteria or 401K plans)
- Rental value of an apartment or house furnished by the employer
- Car or tool allowances
- Any other substitutes for wages (such as store certificates, merchandise, etc.)