Test your basic knowledge |

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. 52 pay periods.






2. Who work for others






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






4. What you earn before exemptions are taken out.






5. The amount of money you earn per hour.






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






7. Who is paid by the hour






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






9. 1 1/2 times your regular hourly rate.






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






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






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






13. When you work more than your regular hours.






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






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






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






17. A tax term meaning gross income less adjustments






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






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






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






21. Fixed amount of sales above which commission is paid






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






23. Time worked beyond the standard work week or hours






24. System in which commission is only pay






25. Amount of tax withheld a year.






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






27. 12 pay periods.






28. 26 pay periods.






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






30. Money received from interest and dividends






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






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






33. An amount of income that is free from tax






34. Total amount of money that an employee is paid






35. Person or company an employee work for






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






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






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






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






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






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






42. Subtractions from gross pay






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






44. Future spending goals






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






46. 1 1/2 times (x1.5) the regular time rate






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






48. What people are paid






49. A deduction from pay for income tax






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