Examlex
Which of the following is not a purpose of the law as set forth in the text?
Net Pay
The amount of money an employee takes home after deductions like taxes and retirement contributions have been subtracted from their gross pay.
Federal Insurance Contributions Act
A U.S. law that mandates the collection of Social Security and Medicare taxes from employees' paychecks and employers.
Employer Requirement
The obligations and duties that an employer must fulfill towards their employees, including wages, benefits, and working conditions.
Withholding Taxes
Taxes that employers deduct from employees' wages and pay directly to the government as a part of income tax obligations.
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