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DSST Business Math: Salaries Vocab

  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. Money received from working such as wages - salaries or tips

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

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

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

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

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

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

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

10. 1 1/2 times (x1.5) the regular time rate

11. What people are paid

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

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

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

15. System in which commission is only pay

16. Subtractions from gross pay

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

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

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

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

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

22. 12 pay periods.

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

24. A deduction from pay for income tax

25. Time worked beyond the standard work week or hours

26. An amount of income that is free from tax

27. 6 pay periods.

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

29. Future spending goals

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

31. The amount of money you earn per hour.

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

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

34. Amount of tax withheld a year.

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

36. Who work for others

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

38. What you earn before exemptions are taken out.

39. Money received from interest and dividends

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

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

42. Fixed amount of sales above which commission is paid

43. A tax term meaning gross income less adjustments

44. Total amount of money that an employee is paid

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

46. 2 times your regular hourly rate.

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

48. 26 pay periods.

49. When you work more than your regular hours.

50. 1 1/2 times your regular hourly rate.