Examlex
Which of the following statements characterizes the American workweek in this time of rapid technological innovation?
Payroll Tax Expense
Total taxes, both employer and employee portions, associated with wages and salaries, including federal, state, and other payroll taxes.
Calendar Quarter
A three-month, 13-week time period. Four calendar quarters occur during a calendar year that runs from January 1 through December 31. The first quarter is January through March, the second is April through June, the third is July through September, and the fourth is October through December.
FICA-OASDI
Refers to the Federal Insurance Contributions Act's component for Old-Age, Survivors, and Disability Insurance, a payroll tax funding Social Security.
Overtime
Additional hours worked beyond the standard work schedule, often compensated at a higher rate.
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