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






2. Person or company an employee work for






3. 26 pay periods.






4. 1 1/2 times (x1.5) the regular time rate






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






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






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






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






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






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






11. Subtractions from gross pay






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






13. When you work more than your regular hours.






14. Future spending goals






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






16. A deduction from pay for income tax






17. 2 times your regular hourly rate.






18. Fixed amount of sales above which commission is paid






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






20. An amount of income that is free from tax






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






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






23. What people are paid






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






25. What you earn before exemptions are taken out.






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






27. The amount of money you earn per hour.






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






29. System in which commission is only pay






30. Time worked beyond the standard work week or hours






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






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






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






34. 12 pay periods.






35. Money received from interest and dividends






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






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






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






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






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






41. A tax term meaning gross income less adjustments






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






43. 6 pay periods.






44. Amount of tax withheld a year.






45. Who work for others






46. Who is paid by the hour






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






48. 1 1/2 times your regular hourly rate.






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






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