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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. 6 pay periods.






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






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






4. A tax term meaning gross income less adjustments






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






6. When you work more than your regular hours.






7. Money received from interest and dividends






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






9. System in which commission is only pay






10. Total amount of money that an employee is paid






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






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






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






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






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






16. Amount of tax withheld a year.






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






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






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






20. An amount of income that is free from tax






21. 2 times your regular hourly rate.






22. A deduction from pay for income tax






23. Future spending goals






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






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






26. Who is paid by the hour






27. 26 pay periods.






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






29. 12 pay periods.






30. 1 1/2 times your regular hourly rate.






31. What people are paid






32. 52 pay periods.






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






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






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






36. Subtractions from gross pay






37. What you earn before exemptions are taken out.






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






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






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






41. The amount of money you earn per hour.






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






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






44. Time worked beyond the standard work week or hours






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






46. Who work for others






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






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






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






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