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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. Who work for others






2. 2 times your regular hourly rate.






3. What you earn before exemptions are taken out.






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






5. Amount of tax withheld a year.






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






7. Who is paid by the hour






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






9. Time worked beyond the standard work week or hours






10. 1 1/2 times your regular hourly rate.






11. System in which commission is only pay






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






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






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






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






16. Fixed amount of sales above which commission is paid






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






18. An amount of income that is free from tax






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






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






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






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






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






24. 1 1/2 times (x1.5) the regular time rate






25. Money received from interest and dividends






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






27. Total amount of money that an employee is paid






28. Person or company an employee work for






29. 6 pay periods.






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






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






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






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






34. A deduction from pay for income tax






35. When you work more than your regular hours.






36. 12 pay periods.






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






38. 52 pay periods.






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






40. Future spending goals






41. What people are paid






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






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






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






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






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






47. Subtractions from gross pay






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






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






50. The amount of money you earn per hour.







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