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






2. 2 times your regular hourly rate.






3. What you earn before exemptions are taken out.






4. Amount of tax withheld a year.






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






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






7. Fixed amount of sales above which commission is paid






8. A tax term meaning gross income less adjustments






9. 1 1/2 times (x1.5) the regular time rate






10. What people are paid






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






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






13. Subtractions from gross pay






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






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






16. Who work for others






17. Future spending goals






18. 12 pay periods.






19. Total amount of money that an employee is paid






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






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






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






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






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






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






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






27. System in which commission is only pay






28. Who is paid by the hour






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






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






31. 52 pay periods.






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






33. 26 pay periods.






34. 1 1/2 times your regular hourly rate.






35. Time worked beyond the standard work week or hours






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






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






38. When you work more than your regular hours.






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






40. Person or company an employee work for






41. An amount of income that is free from tax






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






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






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






45. 6 pay periods.






46. The amount of money you earn per hour.






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






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






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






50. A deduction from pay for income tax