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






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






3. 1 1/2 times your regular hourly rate.






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






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






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






7. Fixed amount of sales above which commission is paid






8. An amount of income that is free from tax






9. A tax term meaning gross income less adjustments






10. Person or company an employee work for






11. The amount of money you earn per hour.






12. What people are paid






13. What you earn before exemptions are taken out.






14. Who is paid by the hour






15. 52 pay periods.






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






17. Who work for others






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






19. 1 1/2 times (x1.5) the regular time rate






20. 12 pay periods.






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






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






23. 26 pay periods.






24. Amount of tax withheld a year.






25. Future spending goals






26. Time worked beyond the standard work week or hours






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






28. System in which commission is only pay






29. Money received from interest and dividends






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






31. 2 times your regular hourly rate.






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






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






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






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






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






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






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






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






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






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






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






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






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






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






46. When you work more than your regular hours.






47. 6 pay periods.






48. Subtractions from gross pay






49. Total amount of money that an employee is paid






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







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