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






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






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






4. 1 1/2 times (x1.5) the regular time rate






5. Who is paid by the hour






6. Amount of tax withheld a year.






7. Time worked beyond the standard work week or hours






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






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






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






11. System in which commission is only pay






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






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






14. The amount of money you earn per hour.






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






16. Fixed amount of sales above which commission is paid






17. 26 pay periods.






18. An amount of income that is free from tax






19. Person or company an employee work for






20. What people are paid






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






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






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






24. 12 pay periods.






25. When you work more than your regular hours.






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






27. Total amount of money that an employee is paid






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






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






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






31. 52 pay periods.






32. A tax term meaning gross income less adjustments






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






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






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






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






37. 1 1/2 times your regular hourly rate.






38. 6 pay periods.






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






40. What you earn before exemptions are taken out.






41. Who work for others






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






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






44. Subtractions from gross pay






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






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






47. Money received from interest and dividends






48. A deduction from pay for income tax






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






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