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






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






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






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






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






6. Who is paid by the hour






7. 6 pay periods.






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






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






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






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






12. An amount of income that is free from tax






13. 52 pay periods.






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






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






16. Fixed amount of sales above which commission is paid






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






18. The amount of money you earn per hour.






19. 1 1/2 times (x1.5) the regular time rate






20. 26 pay periods.






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






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. Time worked beyond the standard work week or hours






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






25. When you work more than your regular hours.






26. A tax term meaning gross income less adjustments






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






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






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






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






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






32. 1 1/2 times your regular hourly rate.






33. What you earn before exemptions are taken out.






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






35. System in which commission is only pay






36. Person or company an employee work for






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






38. 2 times your regular hourly rate.






39. 12 pay periods.






40. Subtractions from gross pay






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






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






43. Future spending goals






44. What people are paid






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






46. Money received from interest and dividends






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






48. Who work for others






49. A deduction from pay for income tax






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