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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. The amount of money you earn per hour.






2. 6 pay periods.






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






4. 26 pay periods.






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






6. When you work more than your regular hours.






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






8. A deduction from pay for income tax






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






10. 1 1/2 times (x1.5) the regular time rate






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






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






13. 12 pay periods.






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






15. Subtractions from gross pay






16. Person or company an employee work for






17. 2 times your regular hourly rate.






18. What people are paid






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






20. Who work for others






21. A tax term meaning gross income less adjustments






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






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






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






25. System in which commission is only pay






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






27. Who is paid by the hour






28. 1 1/2 times your regular hourly rate.






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






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






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






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






33. Total amount of money that an employee is paid






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






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






36. Amount of tax withheld a year.






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






38. Money received from interest and dividends






39. Future spending goals






40. An amount of income that is free from tax






41. 52 pay periods.






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






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






44. Time worked beyond the standard work week or hours






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






46. Fixed amount of sales above which commission is paid






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






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






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






50. What you earn before exemptions are taken out.