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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. When you work more than your regular hours.






2. Subtractions from gross pay






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






4. 6 pay periods.






5. System in which commission is only pay






6. 1 1/2 times (x1.5) the regular time rate






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






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






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






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






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






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






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






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






15. An amount of income that is free from tax






16. Future spending goals






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






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






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






20. Who is paid by the hour






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






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






23. 26 pay periods.






24. What people are paid






25. The amount of money you earn per hour.






26. Person or company an employee work for






27. What you earn before exemptions are taken out.






28. 52 pay periods.






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






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






31. 1 1/2 times your regular hourly rate.






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






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






34. Amount of tax withheld a year.






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






37. A deduction from pay for income tax






38. Who work for others






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






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






41. Total amount of money that an employee is paid






42. Time worked beyond the standard work week or hours






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






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






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






46. 2 times your regular hourly rate.






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






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






49. Fixed amount of sales above which commission is paid






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