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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. Future spending goals






2. Person or company an employee work for






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






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






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






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






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






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






9. Fixed amount of sales above which commission is paid






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






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






12. Subtractions from gross pay






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






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






15. Total amount of money that an employee is paid






16. Who is paid by the hour






17. A tax term meaning gross income less adjustments






18. Who work for others






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






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






21. When you work more than your regular hours.






22. 12 pay periods.






23. Time worked beyond the standard work week or hours






24. Amount of tax withheld a year.






25. 52 pay periods.






26. What people are paid






27. A deduction from pay for income tax






28. 2 times your regular hourly rate.






29. 1 1/2 times (x1.5) the regular time rate






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






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






32. System in which commission is only pay






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






34. Money received from interest and dividends






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






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






37. 1 1/2 times your regular hourly rate.






38. An amount of income that is free from tax






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






40. 26 pay periods.






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






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






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






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






45. What you earn before exemptions are taken out.






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






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






48. The amount of money you earn per hour.






49. 6 pay periods.






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






Can you answer 50 questions in 15 minutes?



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