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One area that has remained constant as human resource management practices have evolved is the level of investment in training.
Electronic Funds Transfer
An Electronic Funds Transfer (EFT) is the electronic movement of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems.
Percentage Method
A way of calculating federal income tax withholding using percentage tables based on an employee's taxable income and filing status.
Federal Income Tax
A tax levied by the Internal Revenue Service on the annual earnings of individuals, corporations, trusts, and other legal entities.
Withholding Allowance
A predetermined amount of pre-tax income exempt from federal income taxes, directly affecting the amount of tax withheld from an employee's paycheck.
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