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






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






3. System in which commission is only pay






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






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






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






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






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






9. Amount of tax withheld a year.






10. Fixed amount of sales above which commission is paid






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






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






13. Subtractions from gross pay






14. Who is paid by the hour






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






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






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






18. When you work more than your regular hours.






19. What you earn before exemptions are taken out.






20. 1 1/2 times your regular hourly rate.






21. Money received from interest and dividends






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






23. Person or company an employee work for






24. 12 pay periods.






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






26. 26 pay periods.






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






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






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






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






31. An amount of income that is free from tax






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






33. Time worked beyond the standard work week or hours






34. A deduction from pay for income tax






35. 52 pay periods.






36. What people are paid






37. Future spending goals






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






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






40. Who work for others






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






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






43. The amount of money you earn per hour.






44. A tax term meaning gross income less adjustments






45. 2 times your regular hourly rate.






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






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






48. 6 pay periods.






49. Total amount of money that an employee is paid






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