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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. 6 pay periods.






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






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






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






5. 52 pay periods.






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






7. Money received from interest and dividends






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






9. Future spending goals






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






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






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






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






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






15. Subtractions from gross pay






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






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






18. Who is paid by the hour






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






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






21. System in which commission is only pay






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






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






24. 26 pay periods.






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






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






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






30. Total amount of money that an employee is paid






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






32. Fixed amount of sales above which commission is paid






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






34. What people are paid






35. 2 times your regular hourly rate.






36. 1 1/2 times (x1.5) the regular time rate






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






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






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






40. Person or company an employee work for






41. What you earn before exemptions are taken out.






42. A deduction from pay for income tax






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






44. Who work for others






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






46. The amount of money you earn per hour.






47. 12 pay periods.






48. A tax term meaning gross income less adjustments






49. 1 1/2 times your regular hourly rate.






50. Amount of tax withheld a year.







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