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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. An amount of income that is free from tax






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






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






4. 52 pay periods.






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






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






7. A tax term meaning gross income less adjustments






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






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






10. System in which commission is only pay






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






12. Time worked beyond the standard work week or hours






13. Amount of tax withheld a year.






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






15. Future spending goals






16. 6 pay periods.






17. Fixed amount of sales above which commission is paid






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






19. Money received from interest and dividends






20. Total amount of money that an employee is paid






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






22. 26 pay periods.






23. Who work for others






24. A deduction from pay for income tax






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






26. 1 1/2 times (x1.5) the regular time rate






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






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






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






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






31. What people are paid






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






33. 2 times your regular hourly rate.






34. The amount of money you earn per hour.






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






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






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






38. 12 pay periods.






39. Subtractions from gross pay






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






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






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






43. Who is paid by the hour






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






45. 1 1/2 times your regular hourly rate.






46. When you work more than your regular hours.






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






48. Person or company an employee work for






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






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