Examlex
In the long run, an increase in government spending tends to increase output and prices.
Gross Pay
The gross income of an employee, which is the sum of all earnings before deductions or taxes are applied.
Deductions
Expenses or amounts subtracted from gross income to reduce the taxable income.
FICA-OASDI
Refers to the Social Security portion of the Federal Insurance Contributions Act tax, covering both the Old Age, Survivors, and Disability Insurance.
Cumulative Earnings
The total amount of net income an entity has earned over its life, up to the current reporting date, not yet distributed to shareholders.
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