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During vacation, employees receive the same amount of salary as if they were working, plus a 1/3bonus. As a rule, the law does not allow employees to trade their entire vacation time for pay. Only1/3 of the vacation time can be traded..e) WagesThe law does not define wages, but indicates its components and fixes the rules for its payment andprotection.The Government establishes the minimum wage amount annually. In March 2013, it was fixed at R$722.00 (approximately US$ 306), which will continue valid until January 2015.Severance pay, profit sharing, pension plan benefits and their supplements, and intellectual rights arenot regarded as wages.Wages may be paid in cash, check or via bank deposit and in fringe benefits.The law requires the payment to be made in Brazil’s local currency and considers payment in foreigncurrency as not made, though the latter may serve as the calculation basis for conversion into nationalcurrency, at the time of payment.Payment in fringe benefits is the payment method whereby the employee receives such economicgoods as food, housing, the use of an automobile, credit card, payment of household bills, etc, aspayment of part of his or her wage, though it should be pointed out that at least 30% of the total wageamount shall necessarily be paid in money.The wage amount may be freely stipulated, provided that such stipulation is not conflicting with thelabor protection provisions, collective bargaining agreements and judicial rulings.The following constitute special types of wage:(i) Advances: advance in money or wage advance established as a result of temporary needs.(ii) Additional overtime pay: is at least 50% and is incorporated into the base compensation for thepurpose of calculating the additional amounts to which the worker is entitled (13th wage, vacation,etc.).51