Which of the following is NOT a component of non-cash compensation?

Non-cash compensation refers to the benefits and perks that employees receive apart from their regular wages or salaries. This can include health insurance, pension contributions, and other similar benefits that contribute to an employee's overall compensation package but do not involve direct cash payments.

In this context, health insurance is considered non-cash compensation because it provides employees with vital health benefits without a direct cash transaction counted as income. Similarly, pension contributions are a form of deferred compensation that adds value to an employee's future financial security, again without immediate cash being involved.

On the other hand, overtime pay is a direct cash compensation that employees receive for hours worked beyond their standard work schedule. It is based on the hourly wage and results in an actual cash payout, distinguishing it from non-cash benefits. Therefore, overtime pay does not fit the category of non-cash compensation because it directly impacts an employee’s take-home pay.