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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. Who work for others






2. The amount of money you earn per hour.






3. Subtractions from gross pay






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






5. An amount of income that is free from tax






6. When you work more than your regular hours.






7. A tax term meaning gross income less adjustments






8. Money received from interest and dividends






9. What people are paid






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






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






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






13. 1 1/2 times (x1.5) the regular time rate






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






15. A deduction from pay for income tax






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






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






18. Person or company an employee work for






19. Total amount of money that an employee is paid






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






21. 26 pay periods.






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






23. 2 times your regular hourly rate.






24. Who is paid by the hour






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






26. Future spending goals






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






28. What you earn before exemptions are taken out.






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






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






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






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






33. Fixed amount of sales above which commission is paid






34. System in which commission is only pay






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






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






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






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






39. 6 pay periods.






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






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






42. 1 1/2 times your regular hourly rate.






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






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






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






46. Amount of tax withheld a year.






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






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






49. 52 pay periods.






50. Time worked beyond the standard work week or hours