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DSST Business Math: Salaries Vocab

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. 1 1/2 times your regular hourly rate.






2. Shows the time you reported for work and the time you departed each day of the week.






3. Offers a different rate of commission for each of several levels of sales.






4. 52 pay periods.






5. Total amount of money that an employee is paid






6. The total value of the benefits received from a job less job expenses






7. A tax rate that stays the same for every person regardless of the amount of income they make in a year






8. Fixed amount of sales above which commission is paid






9. Money received from interest and dividends






10. An allowance for a person used to reduce the amount of tax withheld from pay






11. Person or company an employee work for






12. Single number used to represent a goup of #'s






13. The amount used to figure income tax with a tax-rate schedule






14. Amount of tax withheld a year.






15. A tax term meaning gross income less adjustments






16. 1 1/2 times (x1.5) the regular time rate






17. The remaining pay after deductions have been subtracted from total or gross wages; take-home pay






18. A deduction from pay for income tax






19. Time worked beyond the standard work week or hours






20. Future spending goals






21. 12 pay periods.






22. 6 pay periods.






23. Pay system in which the rate of commission increased as the base increases






24. Who work for others






25. May be a specified amount of money for each sale or it may be a percent of the total value of your sales.






26. If you are married or are in charge of any other support.






27. If the commission is the only pay you receive.






28. Who is paid by the hour






29. Expressed as a percent and used to determine how much tax you pay.






30. Money received from working such as wages - salaries or tips






31. Be an amount for each item sold or it may be a % of the $ value






32. Subtracts from gross pay for yourself and other people you support.






33. A fixed amount that can be deducted from a taxable income. used in place of itemized deductions.






34. Money paid out of the total job benefits fro things usuch as travel - dues - tools.






35. When you work more than your regular hours.






36. Given for work over a certain # of hours or for work on weekends & holidays






37. Portion of your wage that you pay tax on.






38. System in which commission is only pay






39. 2 times your regular hourly rate.






40. Total income in a year - includes wages - salaries - commissions - bonuses - tips - interest - dividends - prizes - pensions - sale of stock - and profit from a business.






41. Receive a specific amount of money that you earn on a regular basis.






42. A wage system in which workers are paid by the # of pieces produced






43. The total amount of money you earn for a pay period at the hourly rate.






44. An employee who is needed and paid by the day.






45. What people are paid






46. What you earn before exemptions are taken out.






47. The amount of money you earn per hour.






48. When there is a different tax rate for each of several levels of income.






49. Or fringe benefits - in addition to wages - extra pay or services






50. 26 pay periods.