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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. Fixed amount of sales above which commission is paid






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






3. Money received from interest and dividends






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






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






6. 6 pay periods.






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






8. 12 pay periods.






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






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






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






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






13. Future spending goals






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






15. 26 pay periods.






16. 52 pay periods.






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






18. What people are paid






19. The amount of money you earn per hour.






20. 1 1/2 times your regular hourly rate.






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






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






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






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






25. Who work for others






26. Subtractions from gross pay






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






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






29. Who is paid by the hour






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






31. An amount of income that is free from tax






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






33. A deduction from pay for income tax






34. Person or company an employee work for






35. When you work more than your regular hours.






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






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






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






39. Amount of tax withheld a year.






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






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






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






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






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






45. Total amount of money that an employee is paid






46. A tax term meaning gross income less adjustments






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






48. 1 1/2 times (x1.5) the regular time rate






49. What you earn before exemptions are taken out.






50. Time worked beyond the standard work week or hours