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Identify and explain the major characteristics of marketing goals.
Employee's Gross Earnings
The total amount earned by an employee before any deductions, including wages, salaries, bonuses, and commissions.
Employee's Net Pay
The amount of salary that an employee takes home after deductions such as taxes, social security, and benefits have been subtracted.
Pay Period
The regular interval at which an employee receives a paycheck, such as weekly, bi-weekly, or monthly.
FICA Taxes
Taxes collected in the U.S. to fund the Social Security and Medicare programs, paid by both employees and employers.
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