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Rita and her mother visit the bank as Rita wants to borrow money for a car. Her mother will be her guarantor. The banker fills out the loan form and the guarantee form but has only one gummed seal. Considering what might be the most prudent place to put the seal, the banker affixes the seal on the guarantee to be signed by Rita's mother. One seal is enough, this was the correct choice of place to put it, and the bank is fully protected.
Base Salary
The initial salary paid to an employee, not including any benefits, bonuses, or increases.
Gross Pay
The total amount of money earned by an employee before any deductions or taxes are applied.
Hourly Rate
The financial remuneration allocated for every working hour.
Semimonthly
Occurring twice a month, typically describing how regularly payments are made or received.
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