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A global project called One Laptop per Child is attempting to distribute low-cost laptop computers to children in developing countries around the world in an attempt to shrink the ________.
Take-Home Pay
The amount of income left after deductions like taxes and social security contributions are subtracted from the gross salary.
Federal Income Tax
The tax levied by the U.S. government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Allowances
Reductions from the gross amount due to defects or allowances for customer discounts, contributing to the net sales figure.
W-4 Form
A tax form used by employees to indicate their tax situation to their employer, such as number of dependents and marital status, affecting the amount of federal income tax withheld from their pay.
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