In conclusion, if both spouses are going to select a HDHP through their employers and are HSA-eligible, then they should probably each open their own HSA, figure out their collective contribution limit, and decide how they will split that limit between the two accounts to avoid over-contributing.
Compensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.Essentially, it's a combination of your pay, vacation, bonuses, health insurance, and any other perk you may receive, such as free lunches and parking.ompensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.
Best Answer: If you're talking of staff compensation and benefits, the answer is both. Think of depreciation where the current yr's expense is in the income statement and the accumulated depreciation is in the balance sheet. So is it for accrued compensation. The current yr's compensation expense is in the income statement and the accumulated accrual is in the balance sheet as a current liability. But if your teacher wants a definite answer, then it's balance sheet because of the word accrued. This Site Might Help You.