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






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






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






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






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






6. What you earn before exemptions are taken out.






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






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






9. Person or company an employee work for






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






11. 1 1/2 times (x1.5) the regular time rate






12. A deduction from pay for income tax






13. 2 times your regular hourly rate.






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






15. 26 pay periods.






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






17. 12 pay periods.






18. 1 1/2 times your regular hourly rate.






19. Money received from interest and dividends






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






21. Who work for others






22. Total amount of money that an employee is paid






23. Subtractions from gross pay






24. When you work more than your regular hours.






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






26. Time worked beyond the standard work week or hours






27. 6 pay periods.






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






29. System in which commission is only pay






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






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






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






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






34. The amount of money you earn per hour.






35. 52 pay periods.






36. What people are paid






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






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






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






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






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






42. Future spending goals






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






44. A tax term meaning gross income less adjustments






45. Fixed amount of sales above which commission is paid






46. Who is paid by the hour






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






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






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






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