Declaring Instance Variables ________ Is Known as Data Hiding or Information

question 13

Multiple Choice

Declaring instance variables ________ is known as data hiding or information hiding.

• A) secure
• B) private
• C) static
• D) masked

Explain comp-ratio and its implications on compensation strategy.

Calculate and understand dispersion in compensation across employers.

Understand percentile representation in compensation data and its strategic implications.

Grasp the fundamental principles that determine wages, including supply and demand.

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Definitions:

Federal Income Tax

A tax levied by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Social Security Tax

A tax levied on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits.

Gross Salary

The total amount of an employee's earnings before any deductions are made, such as taxes and social security contributions.

Insurance

A financial product that provides protection against financial loss, offering compensation in the case of specific events such as accident, illness, or damage to property.