Examlex
True words are symbols of objects and events.
Gross Pay
It's the total amount of compensation that an employee receives before any deductions, such as taxes and retirement contributions, are made.
FICA-OASDI
The portion of the U.S. Federal Insurance Contributions Act tax that funds the Social Security retirement, disability, and survivors' benefits.
Federal Income Tax
A tax levied by the federal government on the annual income of individuals, corporations, trusts, and other legal entities.
FICA Rate
The percentage of social security and Medicare taxes that must be paid by both employees and employers under the Federal Insurance Contributions Act.
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