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






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






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






4. Money received from interest and dividends






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






6. 26 pay periods.






7. 52 pay periods.






8. The amount of money you earn per hour.






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






10. 12 pay periods.






11. Person or company an employee work for






12. An amount of income that is free from tax






13. 1 1/2 times your regular hourly rate.






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






15. Who is paid by the hour






16. Fixed amount of sales above which commission is paid






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






18. System in which commission is only pay






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






20. 2 times your regular hourly rate.






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






22. What people are paid






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






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






25. 6 pay periods.






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






27. 1 1/2 times (x1.5) the regular time rate






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






29. A deduction from pay for income tax






30. Amount of tax withheld a year.






31. What you earn before exemptions are taken out.






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






33. Who work for others






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






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






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






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






38. Total amount of money that an employee is paid






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. Time worked beyond the standard work week or hours






41. A tax term meaning gross income less adjustments






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






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






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






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






46. When you work more than your regular hours.






47. Subtractions from gross pay






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






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






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