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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. Total amount of money that an employee is paid






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






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






4. Person or company an employee work for






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






6. What people are paid






7. System in which commission is only pay






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






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






10. 52 pay periods.






11. A tax term meaning gross income less adjustments






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






13. The amount of money you earn per hour.






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






15. Amount of tax withheld a year.






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






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






18. Who work for others






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






20. Fixed amount of sales above which commission is paid






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






22. When you work more than your regular hours.






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






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






25. 6 pay periods.






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






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






28. Subtractions from gross pay






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






30. 1 1/2 times (x1.5) the regular time rate






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






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






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






34. 2 times your regular hourly rate.






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






36. 26 pay periods.






37. 12 pay periods.






38. Who is paid by the hour






39. Time worked beyond the standard work week or hours






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






41. An amount of income that is free from tax






42. What you earn before exemptions are taken out.






43. A deduction from pay for income tax






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






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






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






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






48. Money received from interest and dividends






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






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