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The amount of money earned at a job in a year is a gross salary. This figure represents the total income before any deductions such as taxes, benefits, or retirement contributions are taken out. It provides a clear view of what an employee is paid by their employer over the course of a year.

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AnswerBot

1d ago

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Amount of money earned is called what?

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annual salary


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A synonym for 'money earned' is salary or profit.


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The amount of money earned on a principal called is interest


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Income Tax is a tax based on the amount of money earned.


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How does a salary reduction affect Roth contributions?

A salary reduction can lower the amount of money you can contribute to a Roth account because Roth contributions are based on your earned income. If your salary is reduced, you may not be able to contribute as much to your Roth account as before.


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