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6 Cards in this Set

  • Front
  • Back
what are wages

a wage is if you work weekly.

what are salary
a salary is getting payed after a year so you work for a year.
what are gross pay
is the total amount of money you get before taxes or other deductions are subtracted from your salary.
what are net pay
is the amount one receives after taxes.
what are income tax
tax levied directly on personal income.
what are national insurance
the system of compulsory payments by employees and employers to provide state assistance for people who are sick, unemployed, or retired.