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






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






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






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






5. When you work more than your regular hours.






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






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






8. Money received from interest and dividends






9. 26 pay periods.






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






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






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






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






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






15. 12 pay periods.






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






17. Subtractions from gross pay






18. Future spending goals






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






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






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






22. Time worked beyond the standard work week or hours






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






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






25. Person or company an employee work for






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






27. Total amount of money that an employee is paid






28. Amount of tax withheld a year.






29. 2 times your regular hourly rate.






30. What you earn before exemptions are taken out.






31. Who is paid by the hour






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






33. System in which commission is only pay






34. 52 pay periods.






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






36. Who work for others






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






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






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






40. 1 1/2 times (x1.5) the regular time rate






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






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






43. What people are paid






44. An amount of income that is free from tax






45. 1 1/2 times your regular hourly rate.






46. A tax term meaning gross income less adjustments






47. Fixed amount of sales above which commission is paid






48. The amount of money you earn per hour.






49. A deduction from pay for income tax






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