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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. Person or company an employee work for






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






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






4. 2 times your regular hourly rate.






5. 26 pay periods.






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






7. What you earn before exemptions are taken out.






8. The amount of money you earn per hour.






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






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






11. Money received from interest and dividends






12. An amount of income that is free from tax






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






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






15. 6 pay periods.






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






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






18. 52 pay periods.






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






20. Who is paid by the hour






21. 1 1/2 times (x1.5) the regular time rate






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






23. What people are paid






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






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






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






27. Subtractions from gross pay






28. 12 pay periods.






29. System in which commission is only pay






30. When you work more than your regular hours.






31. Amount of tax withheld a year.






32. A tax term meaning gross income less adjustments






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






34. Time worked beyond the standard work week or hours






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






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






37. Total amount of money that an employee is paid






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






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






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






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






42. A deduction from pay for income tax






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






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






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






46. Future spending goals






47. Who work for others






48. Fixed amount of sales above which commission is paid






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






50. 1 1/2 times your regular hourly rate.