Examlex
Sociologists attribute differences in needs and wants between age groups to the cohort effect.
Social Security Tax Rate
The rate at which income is taxed to fund the Social Security program, typically shared between employees and employers.
Medicare Tax Rate
The percentage of an individual's wages that is withheld or paid toward Medicare, a U.S. government health insurance program.
Net Pay
The amount of an employee's income after all deductions like taxes, insurance, and retirement contributions have been subtracted.
Social Security
A government program that provides financial assistance to people with inadequate or no income, such as the elderly, disabled, and survivors.
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