Examlex
Which of these is not true of the school funding problems in the Texas legislature in the lastten years?
Retirement Fund
A pool of funds contributed to by individuals, employers, or both for the purpose of funding an employee's retirement.
Gross Pay
The gross income of an employee, which is the sum of all earnings before deductions or taxes are applied.
Deductions
Expenses or amounts subtracted from gross income to reduce the taxable income.
FICA-OASDI
Refers to the Social Security portion of the Federal Insurance Contributions Act tax, covering both the Old Age, Survivors, and Disability Insurance.
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