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






2. 6 pay periods.






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






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






5. A deduction from pay for income tax






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






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






8. Amount of tax withheld a year.






9. Total amount of money that an employee is paid






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






11. Fixed amount of sales above which commission is paid






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






13. What people are paid






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






15. Who is paid by the hour






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






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






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






19. The amount of money you earn per hour.






20. Future spending goals






21. 1 1/2 times (x1.5) the regular time rate






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






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






24. Subtractions from gross pay






25. Time worked beyond the standard work week or hours






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






27. An amount of income that is free from tax






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






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






30. What you earn before exemptions are taken out.






31. 52 pay periods.






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






33. A tax term meaning gross income less adjustments






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






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






36. 26 pay periods.






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






38. When you work more than your regular hours.






39. 2 times your regular hourly rate.






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






41. 12 pay periods.






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






43. Who work for others






44. Money received from interest and dividends






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






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






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






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






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






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