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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 deduction from pay for income tax






3. Who work for others






4. Amount of tax withheld a year.






5. Person or company an employee work for






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






7. 6 pay periods.






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






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






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






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






12. System in which commission is only pay






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






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






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






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






17. 52 pay periods.






18. Time worked beyond the standard work week or hours






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






20. 1 1/2 times (x1.5) the regular time rate






21. What people are paid






22. 2 times your regular hourly rate.






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






24. Who is paid by the hour






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






26. 1 1/2 times your regular hourly rate.






27. Money received from interest and dividends






28. What you earn before exemptions are taken out.






29. Future spending goals






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






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






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






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






34. 26 pay periods.






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






36. Subtractions from gross pay






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






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






39. When you work more than your regular hours.






40. A tax term meaning gross income less adjustments






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






42. Fixed amount of sales above which commission is paid






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






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






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






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






47. Total amount of money that an employee is paid






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






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






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