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






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






3. Money received from interest and dividends






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






5. 26 pay periods.






6. What you earn before exemptions are taken out.






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






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






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






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






11. Person or company an employee work for






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






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






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






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






16. Future spending goals






17. When you work more than your regular hours.






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






19. Amount of tax withheld a year.






20. An amount of income that is free from tax






21. Who is paid by the hour






22. Fixed amount of sales above which commission is paid






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






24. Subtractions from gross pay






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






26. A deduction from pay for income tax






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






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






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






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






31. 52 pay periods.






32. The amount of money you earn per hour.






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






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






35. A tax term meaning gross income less adjustments






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






37. 1 1/2 times (x1.5) the regular time rate






38. 2 times your regular hourly rate.






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






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






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






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






43. 12 pay periods.






44. What people are paid






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






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






47. 6 pay periods.






48. Who work for others






49. Time worked beyond the standard work week or hours






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