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The closer the base sales level used is to the operating breakeven point, the smaller the operating leverage.
Hourly Wage Rate
The sum of money received for every hour worked.
Gross Pay
The total amount of money an employee earns before any deductions or taxes are applied.
Pay Net of Taxes
The amount of salary or wages that an employee takes home after all deductions, including taxes, are subtracted from their gross pay.
Take-Home Pay
The net amount of income that an employee receives after deductions such as taxes and social security contributions have been removed.
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