Examlex
What does a business continuity plan (BCP) typically include?
Net Pay
The amount of money received by an employee after all deductions have been made from the gross salary.
FICA Tax
Federal Insurance Contributions Act tax, which funds Social Security and Medicare, required to be paid by both employees and employers.
Federal Income Tax
A charge imposed by the United States federal government on the yearly income of individuals, corporations, trusts, and other legal bodies.
Withholding Allowance
Withholding allowance is an exemption that reduces how much income tax an employer deducts from an employee's paycheck, based on the number of allowances claimed.
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