Examlex
Explain how demand functions in a free market system.
Gross Salary
The total earnings of an employee before any deductions like taxes and retirement contributions.
Accrued Benefits
Benefits earned or accumulated but not yet paid to employees or policyholders.
Employee Benefits Expense
Costs incurred by employers to provide benefits to employees, such as health insurance, pensions, and paid leave, beyond regular wages or salaries.
FICA Tax
Federal insurance contributions tax; a U.S. federal payroll tax imposed on both employees and employers to fund Social Security and Medicare.
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