Final answer:
Not all types of earnings like overtime pay, bonuses, and reimbursements of expenses are subject to QPP contributions; only regular salary is. A comprehensive understanding of employee compensation also includes various deductions for taxes and insurances as well as additional benefits like health insurance and retirement plans.
Step-by-step explanation:
The amounts that are not considered employment earnings and therefore are not subject to Quebec Pension Plan (QPP) contributions include overtime pay, bonuses, and reimbursements of expenses. These types of earnings are often classified differently from regular salary because they may be discretionary, non-recurring, or not directly tied to the standard amount of work performed. Conversely, regular salary is subject to QPP contributions as it is a fixed payment for services rendered during employment. When discussing employee compensation, it is important to consider other factors such as employee insurance (mainly health), retirement plans, employer payments to Social Security, unemployment and worker's compensation insurance, and other benefits like Medicare. The total compensation per hour will include these additional financial components beyond just the base salary or wage. Deductions from an employee's wages typically cover taxes and various insurances, which are essential parts of the Total Compensation including Supplemental Pay, Insurance, Health Benefits, Retirement and Savings, as well as Defined Benefit and Defined Contribution plans. Employer contributions that are legally required often encompass Legally Required benefits as per government regulations.