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






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






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






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






5. Money received from interest and dividends






6. 26 pay periods.






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






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






9. Subtractions from gross pay






10. Person or company an employee work for






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






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






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






14. When you work more than your regular hours.






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






16. What you earn before exemptions are taken out.






17. An amount of income that is free from tax






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






19. What people are paid






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






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






22. Amount of tax withheld a year.






23. The amount of money you earn per hour.






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






25. Time worked beyond the standard work week or hours






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






27. 6 pay periods.






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






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






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






31. A tax term meaning gross income less adjustments






32. A deduction from pay for income tax






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






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






35. 1 1/2 times (x1.5) the regular time rate






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






37. Fixed amount of sales above which commission is paid






38. 2 times your regular hourly rate.






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






40. 52 pay periods.






41. System in which commission is only pay






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






43. Who is paid by the hour






44. 1 1/2 times your regular hourly rate.






45. Future spending goals






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






47. Who work for others






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






49. 12 pay periods.






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






Can you answer 50 questions in 15 minutes?



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