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






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






3. 12 pay periods.






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






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






7. Money received from interest and dividends






8. Who work for others






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






10. 6 pay periods.






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






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






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






14. Who is paid by the hour






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






16. What you earn before exemptions are taken out.






17. Total amount of money that an employee is paid






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






19. 52 pay periods.






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






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






22. 26 pay periods.






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






24. 1 1/2 times (x1.5) the regular time rate






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






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






27. When you work more than your regular hours.






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






29. Time worked beyond the standard work week or hours






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






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






32. What people are paid






33. Subtractions from gross pay






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






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






36. System in which commission is only pay






37. An amount of income that is free from tax






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






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






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






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






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






43. Fixed amount of sales above which commission is paid






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






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






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






47. Future spending goals






48. 2 times your regular hourly rate.






49. The amount of money you earn per hour.






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