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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. Who is paid by the hour






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






3. 12 pay periods.






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






5. Total amount of money that an employee is paid






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






7. System in which commission is only pay






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






9. Money received from interest and dividends






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






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






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






13. Fixed amount of sales above which commission is paid






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






15. Person or company an employee work for






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






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






18. 2 times your regular hourly rate.






19. A tax term meaning gross income less adjustments






20. Amount of tax withheld a year.






21. What people are paid






22. 1 1/2 times (x1.5) the regular time rate






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






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






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






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






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






28. An amount of income that is free from tax






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






30. 26 pay periods.






31. Time worked beyond the standard work week or hours






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






33. Subtractions from gross pay






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






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






36. 6 pay periods.






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






38. A deduction from pay for income tax






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






40. Future spending goals






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






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






43. 1 1/2 times your regular hourly rate.






44. The amount of money you earn per hour.






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






46. When you work more than your regular hours.






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






48. 52 pay periods.






49. Who work for others






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