Examlex
Which of the following is an advantage of becoming an active member in a professional organization?
Withholding Taxes
Taxes that employers deduct from employees' wages and pay directly to the government as a part of income tax obligations.
Net Pay
The amount of money an employee receives after all deductions, such as taxes and retirement contributions, have been subtracted from their gross pay.
Allowances
Reductions from the list price of goods or services, granted for various reasons such as defects or customer dissatisfaction.
Wage Base Limit
The maximum amount of income on which employees are required to pay certain taxes, such as social security taxes.
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