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When determining whether an item of expenditure is material,the following must be considered:
Employee Benefits
Various types of non-wage compensation provided to employees in addition to their normal salaries or wages.
Pay Package
The total compensation provided to an employee, including salary, bonuses, benefits, and any other financial rewards.
Base Pay
The initial rate of compensation that an employee receives in exchange for their services, excluding any bonuses, benefits, or raises.
Indirect Pay
Compensation that is not directly paid as cash but includes benefits like insurance, retirement plans, and vacations.
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