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






2. 12 pay periods.






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






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






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






6. Future spending goals






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






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






9. Subtractions from gross pay






10. 2 times your regular hourly rate.






11. What people are paid






12. The amount of money you earn per hour.






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






14. 6 pay periods.






15. Amount of tax withheld a year.






16. Money received from interest and dividends






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






18. Person or company an employee work for






19. Fixed amount of sales above which commission is paid






20. When you work more than your regular hours.






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






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






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






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






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






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






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






28. Who is paid by the hour






29. Total amount of money that an employee is paid






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






31. 1 1/2 times (x1.5) the regular time rate






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






33. An amount of income that is free from tax






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






35. A deduction from pay for income tax






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






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






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






39. Time worked beyond the standard work week or hours






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






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






42. A tax term meaning gross income less adjustments






43. 52 pay periods.






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






45. System in which commission is only pay






46. What you earn before exemptions are taken out.






47. Who work for others






48. 26 pay periods.






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






50. 1 1/2 times your regular hourly rate.