Examlex
Explain the night watch system.
Taxable Income
The portion of an individual's or corporation's income used as the basis for calculating how much tax is owed.
Social Security Tax
A tax that finances the Social Security program, providing benefits for retirees, the disabled, and survivors of deceased workers.
Medicare Tax
Medicare Tax is a federal tax that funds the Medicare program, typically deducted from an employee's paycheck to provide healthcare benefits to individuals aged 65 and older.
Time And A Half
Time and a half refers to the pay rate that is 1.5 times higher than the normal rate, usually applied to hours worked beyond the standard workweek.
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