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4 Cards in this Set
- Front
- Back
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Gross Pay
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the total compensation an employee earns including wages, salaries, commissions, bonuses, and any compensation earned before deductions such as taxes.
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Net Pay
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Take-home pay
(gross pay- deductions) |
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Payroll deductions
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withholdings
amounts withheld from an employee's gross pay, either required or voluntary. |
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Merit Rating
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reflects a company's stability or instability in employing workers. good ratings means an employer can pay less than the 5.4% base rate.
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