Examlex
A household appliance that works fine but that is designed without proper safeguards would be defective in terms of product liability law.
Gross Pay
The total amount of salary or wages earned by an employee before any deductions are taken for taxes, social security, etc.
Calendar Year
The one-year period that begins on January 1 and ends on December 31, used for most civil purposes and by many businesses as a fiscal year.
Work Week
A work week refers to the standard period of time during which an employee is expected to work, usually defined by the employer, and often consisting of 40 hours.
FICA-OASDI
Taxes collected under the Federal Insurance Contributions Act for Old Age, Survivors, and Disability Insurance, commonly known as Social Security.
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