Examlex
Typically the choice to "do nothing" based on a preference to stick with the status quo is not considered in the list of possible alternatives for a decision.
Gross Earnings
The total income earned by a business before deductions such as taxes, expenses, and costs.
Net Pay
The take-home pay an employee receives after deductions such as taxes and retirement contributions.
Federal Income Tax
The annual income of individuals, corporations, trusts, and other legal entities is subject to a tax imposed by the IRS.
FICA Tax Rate
The combined percentage rate for Social Security and Medicare taxes that both employees and employers must pay based on earned income.
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