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DSST Business Math: Salaries Vocab

  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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 is paid by the hour

2. A deduction from pay for income tax

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

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

5. 26 pay periods.

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

7. Fixed amount of sales above which commission is paid

8. Future spending goals

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

10. Who work for others

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

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

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

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

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

16. Total amount of money that an employee is paid

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

18. An amount of income that is free from tax

19. 1 1/2 times (x1.5) the regular time rate

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

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

22. Time worked beyond the standard work week or hours

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

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

25. 2 times your regular hourly rate.

26. System in which commission is only pay

27. What people are paid

28. 6 pay periods.

29. 52 pay periods.

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

31. Subtractions from gross pay

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

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

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

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

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

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

38. When you work more than your regular hours.

39. 1 1/2 times your regular hourly rate.

40. 12 pay periods.

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

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

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

44. What you earn before exemptions are taken out.

45. Money received from interest and dividends

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

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

48. Amount of tax withheld a year.

49. The amount of money you earn per hour.

50. Person or company an employee work for