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The confounding of age and experience is referred to as the effect.
Net Pay
The amount of an employee's earnings remaining after all deductions, such as taxes and retirement contributions, have been taken out.
Overtime Rate
The higher pay rate employees earn for hours worked in excess of standard full-time hours.
Weekly Pay
Compensation paid to employees on a weekly basis.
Hourly Rate
The amount of money paid for each hour of work, commonly used for calculating wages of part-time or contract employees.
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