Test your basic knowledge |

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






2. Subtractions from gross pay






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






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






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






6. 1 1/2 times (x1.5) the regular time rate






7. Who is paid by the hour






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






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






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






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






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






13. 2 times your regular hourly rate.






14. 12 pay periods.






15. System in which commission is only pay






16. Future spending goals






17. Amount of tax withheld a year.






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






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






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






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






22. Time worked beyond the standard work week or hours






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






24. 26 pay periods.






25. The amount of money you earn per hour.






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






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






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






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






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






31. Total amount of money that an employee is paid






32. A tax term meaning gross income less adjustments






33. Fixed amount of sales above which commission is paid






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






35. A deduction from pay for income tax






36. 1 1/2 times your regular hourly rate.






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






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






39. What people are paid






40. What you earn before exemptions are taken out.






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






42. An amount of income that is free from tax






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






44. Who work for others






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






46. When you work more than your regular hours.






47. 52 pay periods.






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






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






50. Person or company an employee work for