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






2. Amount of tax withheld a year.






3. Total amount of money that an employee is paid






4. 12 pay periods.






5. What people are paid






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






7. 1 1/2 times your regular hourly rate.






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






9. Person or company an employee work for






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






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






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






13. Money received from interest and dividends






14. When you work more than your regular hours.






15. 26 pay periods.






16. Time worked beyond the standard work week or hours






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






18. Fixed amount of sales above which commission is paid






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






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






21. Subtractions from gross pay






22. System in which commission is only pay






23. 6 pay periods.






24. 52 pay periods.






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






26. An amount of income that is free from tax






27. 1 1/2 times (x1.5) the regular time rate






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






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






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






31. A tax term meaning gross income less adjustments






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






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






34. A deduction from pay for income tax






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






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






37. 2 times your regular hourly rate.






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






39. Who is paid by the hour






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






41. What you earn before exemptions are taken out.






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






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






44. Future spending goals






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






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






47. The amount of money you earn per hour.






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






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






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