Examlex
Which of the following is NOT true about feedback?
Net Wages
The amount of an employee's earnings after all deductions, such as taxes and retirement contributions, have been subtracted.
Allowance or Exemption
A reduction in the amount of income that is subject to tax, or a legal deduction from reported income to reduce taxable income.
Nontaxable
Income or transactions that are not subject to taxation by government authorities.
FICA-OASDI
The part of the U.S. payroll tax that funds the Social Security program, officially called Old Age, Survivors, and Disability Insurance.
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