Examlex
Implementing a successful TQM program requires functions within the value chain to operate independently, ensuring optimization and focus within each function.
Double Time
A rate of payment that is twice the regular wages, often paid for working on holidays or outside of normal working hours.
Time and a Half
An overtime pay rate, typically 1.5 times the employee's regular hourly wage, paid for hours worked beyond the standard workweek.
FICA Tax
Federal Insurance Contributions Act tax, a U.S. federal payroll tax funding Social Security and Medicare benefits.
Federal Income Tax
A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.
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