A Building Block Is a Predefined Piece of Document Content

question 34

True/False

A Building Block is a predefined piece of document content saved for future use.

---

Definitions:

Net Pay

The amount of money remaining from an employee's gross pay after deductions like taxes, insurance premiums, and retirement contributions have been subtracted.

FICA Tax

A U.S. federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, disabled people, and children of deceased workers.

Federal Income Tax

A tax levied by the government on the annual income of individuals, corporations, trusts, and other legal entities.

Net Pay

The amount of an employee's earnings after all deductions, including taxes and retirement contributions, have been subtracted.