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






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






3. 6 pay periods.






4. 1 1/2 times your regular hourly rate.






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






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






7. Fixed amount of sales above which commission is paid






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






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






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 of money you earn per hour.






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






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






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






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






16. Subtractions from gross pay






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






18. 26 pay periods.






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






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






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






22. System in which commission is only pay






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






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






25. Who is paid by the hour






26. 1 1/2 times (x1.5) the regular time rate






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






28. Future spending goals






29. An amount of income that is free from tax






30. Person or company an employee work for






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






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






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






34. Money received from interest and dividends






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






36. Time worked beyond the standard work week or hours






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






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






39. When you work more than your regular hours.






40. What people are paid






41. 52 pay periods.






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






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






44. A tax term meaning gross income less adjustments






45. Who work for others






46. What you earn before exemptions are taken out.






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






48. Total amount of money that an employee is paid






49. 12 pay periods.






50. A deduction from pay for income tax