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In contrast to the American Federation of Labor, the Congress of Industrial Organizations fought for
Cumulative Earnings
The total amount of net income earned by a company over its entire existence.
Net Pay
Net pay refers to the amount of money an employee takes home after all deductions, such as taxes and retirement contributions, have been subtracted from their gross salary.
FICA Social Security
A U.S. government program funded by payroll taxes, providing retirement benefits, disability income, and survivor benefits.
FICA Medicare
A federal payroll (or employment) tax used to fund the Medicare program, split between employers and employees.
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