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






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






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






5. Who is paid by the hour






6. Total amount of money that an employee is paid






7. The amount of money you earn per hour.






8. Person or company an employee work for






9. Who work for others






10. 26 pay periods.






11. 1 1/2 times (x1.5) the regular time rate






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






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






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






15. What you earn before exemptions are taken out.






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






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






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






19. Subtractions from gross pay






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






21. 6 pay periods.






22. What people are paid






23. When you work more than your regular hours.






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






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






26. Fixed amount of sales above which commission is paid






27. Future spending goals






28. System in which commission is only pay






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






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






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






32. 52 pay periods.






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






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






35. 2 times your regular hourly rate.






36. 12 pay periods.






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






38. A deduction from pay for income tax






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






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






41. Amount of tax withheld a year.






42. Money received from interest and dividends






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






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






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






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






47. Time worked beyond the standard work week or hours






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






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






50. An amount of income that is free from tax