What does remuneration mean?

Remuneration refers to the overall compensation or payment that an individual receives in exchange for their work or services. This broad definition encompasses not only the basic salary or wages but also additional components such as bonuses, benefits, and incentives that are provided by an employer. By defining remuneration in this way, it captures the total financial and non-financial rewards an employee receives, making it a crucial term in discussions around employment and compensation structures.

The other options focus on specific aspects of remuneration. While employee bonuses are part of remuneration, they do not cover the entirety of what constitutes remuneration. Similarly, the term benefits provided by employers can be included in remuneration, but it does not denote the complete payment structure as required. Lastly, tax deductions for employees pertain to the financial obligations on earnings rather than the compensation itself.