Examlex
Reading effectively means
Gross Earnings
The total income earned by an individual or business before any deductions or taxes.
Federal Income Taxes
Taxes imposed by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Net Pay
The amount of money an employee receives after deductions such as taxes and retirement contributions are subtracted from their gross salary.
Payroll
The total amount of wages, salaries, and other compensation that a company owes to its employees for a set period.
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