Examlex
The matrix is in reduced echelon form.
Labor Cost
The total expenses incurred by a company to employ workers, including wages, benefits, and taxes.
Employment
Employment is a contractual relationship between an employer and an employee where the employee provides labor or services in exchange for compensation.
Payroll Tax
Contributions demanded from employers or their staff, often pegged to a percentage of the paychecks disbursed to employees.
Equilibrium Wage
The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by workers.
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