Remuneration is a formal word that refers to an amount of money paid to someone for a service, loss, or expense, or to the act of paying such an amount. It is synonymous with recompense and pay.

// The actor was offered a modest speaking fee by the host as remuneration for giving her speech at the awards ceremony.

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"Workers are paid per task, with remuneration ranging from a cent to a few dollars—although the upper end is considered something of a rare gem, workers say." — Niamh Rowe, Wired, 15 Nov. 2023

Our evidence shows remuneration to be most at home in writing that concerns financial matters, especially when large amounts of money or forms of compensation are involved. Whether it's because money is often expressed in numerals, or simply because the n and m are adjacent to each other on our keyboards, reMUNeration often appears misspelled as reNUMeration. It pays to know, however, that in fact, renumeration is a distinct term, a rare word meaning "the act of enumerating again" (enumerate means "to list" or "to count").