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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. When you work more than your regular hours.






3. Money received from interest and dividends






4. What people are paid






5. 26 pay periods.






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






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






8. A tax term meaning gross income less adjustments






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






10. 2 times your regular hourly rate.






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






12. System in which commission is only pay






13. 1 1/2 times your regular hourly rate.






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






15. A deduction from pay for income tax






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






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






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






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






20. Who is paid by the hour






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






22. 1 1/2 times (x1.5) the regular time rate






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






25. An amount of income that is free from tax






26. Total amount of money that an employee is paid






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






28. 6 pay periods.






29. Who work for others






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. The amount of money you earn per hour.






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






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






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






35. Amount of tax withheld a year.






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






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






38. Person or company an employee work for






39. Time worked beyond the standard work week or hours






40. Fixed amount of sales above which commission is paid






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






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






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






44. 52 pay periods.






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






46. Future spending goals






47. What you earn before exemptions are taken out.






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






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






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