Examlex
Differences in legal requirements could form a barrier to expansion in foreign markets.
Gross Pay
The entire sum an employee receives in earnings before any taxes or deductions are subtracted.
Deductions
Amounts subtracted from an employee's gross income to calculate taxable income, or expenses subtracted from gross revenue in accounting to determine net income.
Net Pay
The amount of money an employee takes home after deductions like taxes and retirement contributions have been subtracted from their gross pay.
Federal Insurance Contributions Act
A U.S. law that mandates the collection of Social Security and Medicare taxes from employees' paychecks and employers.
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