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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. Money received from interest and dividends






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






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






4. System in which commission is only pay






5. Person or company an employee work for






6. An amount of income that is free from tax






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






8. 2 times your regular hourly rate.






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






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






11. Time worked beyond the standard work week or hours






12. What people are paid






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






14. 1 1/2 times your regular hourly rate.






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






16. Subtractions from gross pay






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






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






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






20. When you work more than your regular hours.






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






22. The amount of money you earn per hour.






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






24. Total amount of money that an employee is paid






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






26. Fixed amount of sales above which commission is paid






27. Who work for others






28. A deduction from pay for income tax






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






30. 26 pay periods.






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






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






33. Amount of tax withheld a year.






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






35. 52 pay periods.






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






37. Future spending goals






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






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






40. Who is paid by the hour






41. A tax term meaning gross income less adjustments






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






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






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






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






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






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






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






49. 6 pay periods.






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