Examlex
Which of the following is NOT a tool of fiscal policy?
Gross Pay
The total amount of money an employee earns before any deductions are made.
Deductions
Amounts that are subtracted from gross income or revenue, leading to a lower taxable income or tax liability.
Take-home Pay
The net amount of income that an employee receives after deductions like taxes, social security, and retirement contributions are subtracted from their gross salary.
Times Interest Earned
A financial ratio that measures a company's ability to meet its interest obligations, calculated by dividing earnings before interest and taxes by interest expenses.
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