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Overtime Compensation

Extra pay received for working hours beyond a standard workweek, typically calculated at a higher rate (e.g., time-and-a-half).

Gross Income

All income from any source, unless specifically excluded by law, before any deductions or exemptions are applied for tax purposes.

Internal Revenue Code of 1986

The primary body of federal tax law in the United States, outlining how taxes are collected and defining taxable income, deductions, and credits.

Fair Labor Standards Act of 1938

A federal law that establishes minimum wage, overtime pay eligibility, recordkeeping, and youth employment standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments.

Enactment

The process by which a bill becomes a law, typically after being passed by both houses of Congress and signed by the President.