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Verify that the equation is an identity.
Wage Rates
The amount of money paid to an employee per unit of time, such as an hour or a week, for work performed.
Time Off
Authorized absence from work granted to employees for various reasons, such as vacation, illness, or personal matters.
Overtime Work
Hours worked by employees that exceed the normal or legally mandated work hours; typically compensated at a higher pay rate.
Rate Range
The variance between the minimum and maximum pay rates established for a specific job or grade within an organization.
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