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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. The amount of money you earn per hour.






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






3. What people are paid






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






5. Who is paid by the hour






6. 52 pay periods.






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






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






9. Future spending goals






10. 26 pay periods.






11. Time worked beyond the standard work week or hours






12. Person or company an employee work for






13. When you work more than your regular hours.






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






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






16. 6 pay periods.






17. 1 1/2 times (x1.5) the regular time rate






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






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






20. Amount of tax withheld a year.






21. A tax term meaning gross income less adjustments






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






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






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






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






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






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






28. An amount of income that is free from tax






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






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






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






32. 12 pay periods.






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






34. Subtractions from gross pay






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






36. Total amount of money that an employee is paid






37. Fixed amount of sales above which commission is paid






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






39. Money received from interest and dividends






40. Who work for others






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






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






43. What you earn before exemptions are taken out.






44. A deduction from pay for income tax






45. System in which commission is only pay






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






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






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






49. 2 times your regular hourly rate.






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