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






2. A tax term meaning gross income less adjustments






3. 26 pay periods.






4. Future spending goals






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






6. 2 times your regular hourly rate.






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






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






9. 6 pay periods.






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






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






12. When you work more than your regular hours.






13. What you earn before exemptions are taken out.






14. Money received from interest and dividends






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






16. 1 1/2 times (x1.5) the regular time rate






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






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






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






20. Subtractions from gross pay






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






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






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






24. 12 pay periods.






25. Who is paid by the hour






26. Who work for others






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






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






29. 1 1/2 times your regular hourly rate.






30. Time worked beyond the standard work week or hours






31. System in which commission is only pay






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






33. Person or company an employee work for






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






35. Total amount of money that an employee is paid






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






37. A deduction from pay for income tax






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






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






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






41. What people are paid






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






43. An amount of income that is free from tax






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






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






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






47. Amount of tax withheld a year.






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






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






50. Fixed amount of sales above which commission is paid