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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. Fixed amount of sales above which commission is paid






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






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






4. The amount of money you earn per hour.






5. Who work for others






6. Person or company an employee work for






7. Amount of tax withheld a year.






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






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






10. When you work more than your regular hours.






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






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






13. Time worked beyond the standard work week or hours






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






15. An amount of income that is free from tax






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






17. Who is paid by the hour






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






19. Future spending goals






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






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






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






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






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






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






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






27. System in which commission is only pay






28. 1 1/2 times (x1.5) the regular time rate






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






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






31. A deduction from pay for income tax






32. What you earn before exemptions are taken out.






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






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






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






36. 6 pay periods.






37. Subtractions from gross pay






38. 1 1/2 times your regular hourly rate.






39. 26 pay periods.






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






41. Money received from interest and dividends






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






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






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






45. 2 times your regular hourly rate.






46. Total amount of money that an employee is paid






47. 52 pay periods.






48. A tax term meaning gross income less adjustments






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






50. What people are paid