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






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






3. Who work for others






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






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






6. 52 pay periods.






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






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






9. A tax term meaning gross income less adjustments






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






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






12. 26 pay periods.






13. System in which commission is only pay






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






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






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






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






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






19. 6 pay periods.






20. Who is paid by the hour






21. When you work more than your regular hours.






22. 1 1/2 times your regular hourly rate.






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






24. A deduction from pay for income tax






25. Fixed amount of sales above which commission is paid






26. Total amount of money that an employee is paid






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






28. 12 pay periods.






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






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






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






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






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






34. Future spending goals






35. Money received from interest and dividends






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






37. Person or company an employee work for






38. Time worked beyond the standard work week or hours






39. Subtractions from gross pay






40. 2 times your regular hourly rate.






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






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






43. What people are paid






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






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






46. The amount of money you earn per hour.






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






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






49. What you earn before exemptions are taken out.






50. An amount of income that is free from tax






Can you answer 50 questions in 15 minutes?



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