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






2. What you earn before exemptions are taken out.






3. Who work for others






4. 1 1/2 times your regular hourly rate.






5. 12 pay periods.






6. Fixed amount of sales above which commission is paid






7. An amount of income that is free from tax






8. 26 pay periods.






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






10. A deduction from pay for income tax






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






12. System in which commission is only pay






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






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






15. When you work more than your regular hours.






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






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






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






19. Subtractions from gross pay






20. What people are paid






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






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






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






24. 1 1/2 times (x1.5) the regular time rate






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






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






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






28. Money received from interest and dividends






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






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






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






32. The amount of money you earn per hour.






33. 2 times your regular hourly rate.






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






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






36. Total amount of money that an employee is paid






37. Future spending goals






38. Person or company an employee work for






39. 52 pay periods.






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






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






42. Who is paid by the hour






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






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






45. A tax term meaning gross income less adjustments






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






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






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






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






50. Time worked beyond the standard work week or hours