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DSST Business Math: Salaries Vocab

  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. If you are married or are in charge of any other support.

2. Money received from interest and dividends

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

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

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

6. 2 times your regular hourly rate.

7. A deduction from pay for income tax

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

9. Who is paid by the hour

10. What people are paid

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

12. Subtractions from gross pay

13. Total amount of money that an employee is paid

14. Future spending goals

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

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

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

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

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

20. 12 pay periods.

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

22. A tax term meaning gross income less adjustments

23. Amount of tax withheld a year.

24. The amount of money you earn per hour.

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

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

27. Time worked beyond the standard work week or hours

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

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

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

31. When you work more than your regular hours.

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

33. Who work for others

34. 52 pay periods.

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

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

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

38. 1 1/2 times (x1.5) the regular time rate

39. Fixed amount of sales above which commission is paid

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

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

42. An amount of income that is free from tax

43. Person or company an employee work for

44. System in which commission is only pay

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

46. 6 pay periods.

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

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

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

50. 26 pay periods.