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Gross vs. Net Income
Gross vs. net income compares the total compensation an employee receives (gross pay) and what they take home after deductions (net pay). Calculations and figures shown on a paycheck often indicate where deductions are being made and what they are for. An employee can usually view both the gross and net pay on their pay stub.
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Non-Disclosure Agreement
A non-disclosure agreement (or NDA) is a contract between a group or individual wanting to protect sensitive information and an individual or group with access to that information. Other terms include non-disclosure contract and confidential disclosure agreement. The document restricts what information can be shared with others. Examples of sensitive information that might be protected…
Non-Compete Agreement
A non-compete agreement is between an employer and an employee, requiring the latter to agree not to work for any competing organization during or after employment. Prohibited actions under such an agreement could include: Starting a new business in the same industry Taking another job Signing another contractor Working for a competing business Working within…
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