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The shape of the fitted quadratic model yt = 324 - 42t - 1.3t2 is declining, then rising.
Social Security Tax
A tax that funds the Social Security program, collected from both employers and employees to provide retirement, disability, and survivor benefits.
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.
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