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Coordination by plan deals with exact rules and procedures that spell out what needs to be done and how.
Hourly Wage Rate
The amount of money paid for each hour of work performed by an employee.
Unemployment Tax
A tax that employers pay to the government to fund unemployment benefits for workers who lose their jobs.
Social Security Tax
A tax that funds the United States' Social Security program, collected from both employees and employers.
Take-Home Pay
The amount of income that an individual actually receives after deductions, such as taxes and social security, have been subtracted from their gross salary.
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