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






2. Who work for others






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






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






6. Fixed amount of sales above which commission is paid






7. The amount of money you earn per hour.






8. Subtractions from gross pay






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






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






11. An amount of income that is free from tax






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






13. 2 times your regular hourly rate.






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






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






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






17. Person or company an employee work for






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






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






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






21. Time worked beyond the standard work week or hours






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






23. When you work more than your regular hours.






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






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






26. Who is paid by the hour






27. What people are paid






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






29. Future spending goals






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






31. Total amount of money that an employee is paid






32. A tax term meaning gross income less adjustments






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






34. Money received from interest and dividends






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






36. 52 pay periods.






37. 6 pay periods.






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






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






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






41. 26 pay periods.






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






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






44. 1 1/2 times (x1.5) the regular time rate






45. 12 pay periods.






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






47. System in which commission is only pay






48. 1 1/2 times your regular hourly rate.






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






50. A deduction from pay for income tax