Test your basic knowledge |

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. 12 pay periods.






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






3. Subtractions from gross pay






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






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






6. Total amount of money that an employee is paid






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






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






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






10. What you earn before exemptions are taken out.






11. Person or company an employee work for






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






13. An amount of income that is free from tax






14. Money received from interest and dividends






15. Fixed amount of sales above which commission is paid






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






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






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






19. 26 pay periods.






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






21. 1 1/2 times (x1.5) the regular time rate






22. Future spending goals






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






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






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






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






27. 2 times your regular hourly rate.






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






29. When you work more than your regular hours.






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






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






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






33. Who work for others






34. A tax term meaning gross income less adjustments






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






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






37. A deduction from pay for income tax






38. What people are paid






39. The amount of money you earn per hour.






40. System in which commission is only pay






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






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






43. 1 1/2 times your regular hourly rate.






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






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






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






47. 6 pay periods.






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






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






50. Who is paid by the hour