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






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






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






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






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






6. 1 1/2 times your regular hourly rate.






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






8. An amount of income that is free from tax






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






10. Total amount of money that an employee is paid






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






12. A deduction from pay for income tax






13. Amount of tax withheld a year.






14. Who work for others






15. Fixed amount of sales above which commission is paid






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






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






18. Future spending goals






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






20. Time worked beyond the standard work week or hours






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






22. Who is paid by the hour






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






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






25. Money received from interest and dividends






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






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






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






29. What you earn before exemptions are taken out.






30. The amount of money you earn per hour.






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






32. 2 times your regular hourly rate.






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






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






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






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






37. When you work more than your regular hours.






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






39. What people are paid






40. Person or company an employee work for






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






42. 26 pay periods.






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






44. 52 pay periods.






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






46. System in which commission is only pay






47. Subtractions from gross pay






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






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






50. 6 pay periods.