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DSST Business Math: Salaries Vocab

  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. Total amount of money that an employee is paid

2. The amount of money you earn per hour.

3. Time worked beyond the standard work week or hours

4. What you earn before exemptions are taken out.

5. 26 pay periods.

6. Future spending goals

7. 1 1/2 times (x1.5) the regular time rate

8. What people are paid

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

10. Employers are required by law to withhold a certain amount of your pay.

11. Who work for others

12. Who is paid by the hour

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

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

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

16. Money received from interest and dividends

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

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

19. An amount of money that you are paid for selling a product or service.

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

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

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

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

24. When you work more than your regular hours.

25. 2 times your regular hourly rate.

26. Subtractions from gross pay

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

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

29. 1 1/2 times your regular hourly rate.

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

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

32. Fixed amount of sales above which commission is paid

33. A tax term meaning gross income less adjustments

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

35. 6 pay periods.

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

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

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

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

40. Amount of tax withheld a year.

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

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

43. 52 pay periods.

44. An amount of income that is free from tax

45. Person or company an employee work for

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

47. System in which commission is only pay

48. A deduction from pay for income tax

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

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