Examlex
When an option is exercised the time value component is lost.
Gross Pay
The total amount of money an employee earns before any deductions are made.
Take-Home Pay
The amount of earnings an employee receives after deductions like taxes and retirement plan contributions are subtracted from their gross pay.
Federal Withholdings
The amount of an employee's pay withheld by the employer and sent directly to the government as partial payment of income tax.
No-Fault Divorce
Neither partner has to establish the guilt or wrongdoing of the other.
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