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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. What you earn before exemptions are taken out.






2. System in which commission is only pay






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






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






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






6. A deduction from pay for income tax






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






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






9. Total amount of money that an employee is paid






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






11. Subtractions from gross pay






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






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






14. The amount of money you earn per hour.






15. A tax term meaning gross income less adjustments






16. 1 1/2 times your regular hourly rate.






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






18. When you work more than your regular hours.






19. 12 pay periods.






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






21. Person or company an employee work for






22. What people are paid






23. 26 pay periods.






24. Future spending goals






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






26. Who is paid by the hour






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






28. Who work for others






29. Amount of tax withheld a year.






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






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






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






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






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






35. 2 times your regular hourly rate.






36. 6 pay periods.






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






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






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






40. An amount of income that is free from tax






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






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






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






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






45. 1 1/2 times (x1.5) the regular time rate






46. Fixed amount of sales above which commission is paid






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






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






49. Money received from interest and dividends






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