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






2. Amount of tax withheld a year.






3. 26 pay periods.






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






5. An amount of income that is free from tax






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






7. Subtractions from gross pay






8. 52 pay periods.






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






10. Time worked beyond the standard work week or hours






11. 2 times your regular hourly rate.






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






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






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






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






16. 1 1/2 times (x1.5) the regular time rate






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






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






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






20. Who is paid by the hour






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






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






23. The amount of money you earn per hour.






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






25. Who work for others






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






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






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






29. Money received from interest and dividends






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






31. What you earn before exemptions are taken out.






32. When you work more than your regular hours.






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






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






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






36. What people are paid






37. 6 pay periods.






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






39. 12 pay periods.






40. A deduction from pay for income tax






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






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






43. A tax term meaning gross income less adjustments






44. Fixed amount of sales above which commission is paid






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






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






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






48. Total amount of money that an employee is paid






49. Future spending goals






50. Person or company an employee work for