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  2. Direct labor cost - Wikipedia

    en.wikipedia.org/wiki/Direct_labor_cost

    In the direct labor cost we need to have the job time and wage we will pay it to the worker to calculate the direct labor cost as in this formulation: [1] - = Depending on the context, there are various methods to calculate personnel costs, such as on an hourly or daily basis.

  3. Full-time equivalent - Wikipedia

    en.wikipedia.org/wiki/Full-time_equivalent

    For example, a full week of 40 hours has an FTE value of 1.0, so a person working 20 hours would have an FTE value of 0.5. Certain industries may adopt 35 hours, depending on the company, its location and the nature of work. Whole-time equivalent (WTE) is the same as FTE and applies also to students in education. [7]

  4. Piece work - Wikipedia

    en.wikipedia.org/wiki/Piece_work

    When paying a worker, employers can use various methods and combinations of methods. [2] Some of the most prevalent methods are: wage by the hour (known as "time work"); annual salary; salary plus commission (common in sales jobs); base salary or hourly wages plus gratuities (common in service industries); salary plus a possible bonus (used for some managerial or executive positions); salary ...

  5. Applying for Social Security in 2025? 3 Things You Should Do ...

    www.aol.com/finance/applying-social-security...

    That's because you don't pay Social Security payroll taxes on all your income. In 2024, you only paid these taxes on the first $168,600 you earned. In prior years, this limit was lower .

  6. What Is a Business Valuation, and How Do You Calculate It? - AOL

    www.aol.com/finance/business-valuation-calculate...

    Here's how business valuations work and how to calculate the economic value of your company. [Read more: 3 Things to Consider When Selling a Business During a Pandemic ]

  7. General Schedule (US civil service pay scale) - Wikipedia

    en.wikipedia.org/wiki/General_Schedule_(US_civil...

    In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.

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