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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. Subtractions from gross pay






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






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






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






5. 52 pay periods.






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






7. The amount of money you earn per hour.






8. 2 times your regular hourly rate.






9. Total amount of money that an employee is paid






10. A tax term meaning gross income less adjustments






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






12. 1 1/2 times your regular hourly rate.






13. 6 pay periods.






14. Money received from interest and dividends






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






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






17. System in which commission is only pay






18. 26 pay periods.






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






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






21. When you work more than your regular hours.






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






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






24. What people are paid






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






26. Who work for others






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






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






29. Fixed amount of sales above which commission is paid






30. Time worked beyond the standard work week or hours






31. Person or company an employee work for






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






33. 12 pay periods.






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






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






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






37. Future spending goals






38. An amount of income that is free from tax






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






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






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






42. Who is paid by the hour






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






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






45. Amount of tax withheld a year.






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






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






48. 1 1/2 times (x1.5) the regular time rate






49. What you earn before exemptions are taken out.






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