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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. Money received from interest and dividends






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






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






4. What you earn before exemptions are taken out.






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






6. Future spending goals






7. 2 times your regular hourly rate.






8. 1 1/2 times (x1.5) the regular time rate






9. Subtractions from gross pay






10. Who work for others






11. 26 pay periods.






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






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






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






15. When you work more than your regular hours.






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






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






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






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






20. System in which commission is only pay






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






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






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






24. An amount of income that is free from tax






25. Fixed amount of sales above which commission is paid






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






27. Total amount of money that an employee is paid






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






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






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






31. 6 pay periods.






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






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






34. Amount of tax withheld a year.






35. Who is paid by the hour






36. What people are paid






37. The amount of money you earn per hour.






38. A deduction from pay for income tax






39. Time worked beyond the standard work week or hours






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






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






42. A tax term meaning gross income less adjustments






43. 1 1/2 times your regular hourly rate.






44. Person or company an employee work for






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






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






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






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






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






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