Examlex
Discuss what is meant by the long run in economics. When does the long run occur?
Maximum Earnings Limits
The ceiling on the amount of earnings on which certain taxes or contributions, such as Social Security in the United States, are required.
FICA-Medicare
A federal insurance contribution act tax specifically designated for Medicare, a portion of the payroll tax paid by employees and employers to fund the Medicare program.
Medical Benefits
Health-related benefits, typically provided by an employer, that cover medical expenses for employees.
Overtime Rate
The increased pay rate employers are required to pay employees for hours worked beyond the standard workweek, typically 1.5 times the regular hourly rate.
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