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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. A tax term meaning gross income less adjustments






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






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






4. When you work more than your regular hours.






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






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






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






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






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






10. Fixed amount of sales above which commission is paid






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






12. Who work for others






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






14. Future spending goals






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






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






17. Total amount of money that an employee is paid






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






19. Time worked beyond the standard work week or hours






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






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






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






23. 6 pay periods.






24. What people are paid






25. Amount of tax withheld a year.






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






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






28. 2 times your regular hourly rate.






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






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






31. What you earn before exemptions are taken out.






32. Person or company an employee work for






33. An amount of income that is free from tax






34. 52 pay periods.






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






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






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






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






39. 1 1/2 times (x1.5) the regular time rate






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






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






42. A deduction from pay for income tax






43. The amount of money you earn per hour.






44. 12 pay periods.






45. System in which commission is only pay






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






47. Money received from interest and dividends






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






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






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