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What are three typical "apps" for HR functions offered through the use of mobile technology?
Average Tax Rate
The average tax rate is the percentage of total income that an individual or corporation pays in taxes, calculated by dividing total tax paid by total income.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the rate applied to each additional dollar of income.
Social Security Tax
A payroll tax collected to fund the Social Security program, which provides benefits to retirees, disabled individuals, and survivors.
Taxable Income
The portion of income subject to tax by the government after all deductions and exemptions.
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