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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. Fixed amount of sales above which commission is paid






2. 26 pay periods.






3. Who work for others






4. Money received from interest and dividends






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






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






7. What people are paid






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






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






10. Subtractions from gross pay






11. Future spending goals






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






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






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






15. Person or company an employee work for






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






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






18. A tax term meaning gross income less adjustments






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






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






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






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






23. A deduction from pay for income tax






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






25. What you earn before exemptions are taken out.






26. The amount of money you earn per hour.






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






28. Total amount of money that an employee is paid






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






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






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






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






33. An amount of income that is free from tax






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






35. Time worked beyond the standard work week or hours






36. 2 times your regular hourly rate.






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






38. Amount of tax withheld a year.






39. 52 pay periods.






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






41. System in which commission is only pay






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






43. When you work more than your regular hours.






44. Who is paid by the hour






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






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






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






48. 6 pay periods.






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






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