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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 used to figure income tax with a tax-rate schedule






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






3. 1 1/2 times your regular hourly rate.






4. What you earn before exemptions are taken out.






5. When you work more than your regular hours.






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






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






8. The amount of money you earn per hour.






9. Total amount of money that an employee is paid






10. Fixed amount of sales above which commission is paid






11. Who is paid by the hour






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






13. A deduction from pay for income tax






14. Amount of tax withheld a year.






15. Time worked beyond the standard work week or hours






16. What people are paid






17. 6 pay periods.






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






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






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






21. A tax term meaning gross income less adjustments






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






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






24. Future spending goals






25. 52 pay periods.






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






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






28. 12 pay periods.






29. An amount of income that is free from tax






30. Person or company an employee work for






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






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






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






34. System in which commission is only pay






35. Money received from interest and dividends






36. 1 1/2 times (x1.5) the regular time rate






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






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






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






40. 26 pay periods.






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






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






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






44. Who work for others






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






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






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






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






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






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