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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. 1 1/2 times your regular hourly rate.






2. Total amount of money that an employee is paid






3. An amount of income that is free from tax






4. Subtractions from gross pay






5. Future spending goals






6. System in which commission is only pay






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






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






9. A tax term meaning gross income less adjustments






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






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






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






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






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






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






16. Who work for others






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






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






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






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






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






22. 12 pay periods.






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






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






25. 26 pay periods.






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






27. What people are paid






28. Fixed amount of sales above which commission is paid






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






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






31. Time worked beyond the standard work week or hours






32. Money received from interest and dividends






33. Who is paid by the hour






34. 6 pay periods.






35. Person or company an employee work for






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






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






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






39. When you work more than your regular hours.






40. Amount of tax withheld a year.






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






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






43. What you earn before exemptions are taken out.






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






45. 52 pay periods.






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






47. A deduction from pay for income tax






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






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






50. The amount of money you earn per hour.