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






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






3. What you earn before exemptions are taken out.






4. Fixed amount of sales above which commission is paid






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






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






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






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






9. Who work for others






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






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






12. Subtractions from gross pay






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






14. An amount of income that is free from tax






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






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






17. Total amount of money that an employee is paid






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






19. A tax term meaning gross income less adjustments






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






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






22. When you work more than your regular hours.






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






24. The amount of money you earn per hour.






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






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






27. 52 pay periods.






28. Amount of tax withheld a year.






29. Who is paid by the hour






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






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






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






33. 6 pay periods.






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






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






36. A deduction from pay for income tax






37. System in which commission is only pay






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






39. Time worked beyond the standard work week or hours






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






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






42. Person or company an employee work for






43. Money received from interest and dividends






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






45. 12 pay periods.






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






47. 26 pay periods.






48. Future spending goals






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






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