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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. 52 pay periods.






2. What you earn before exemptions are taken out.






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






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






5. Person or company an employee work for






6. Total amount of money that an employee is paid






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






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






9. 6 pay periods.






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






11. A deduction from pay for income tax






12. The amount of money you earn per hour.






13. Subtractions from gross pay






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






15. A tax term meaning gross income less adjustments






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






17. Who is paid by the hour






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






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






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






21. Who work for others






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






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






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






25. 2 times your regular hourly rate.






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






27. 1 1/2 times your regular hourly rate.






28. Time worked beyond the standard work week or hours






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






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






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






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






33. System in which commission is only pay






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






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






36. An amount of income that is free from tax






37. Money received from interest and dividends






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






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






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






41. Future spending goals






42. 12 pay periods.






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






44. 26 pay periods.






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






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






47. What people are paid






48. Fixed amount of sales above which commission is paid






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






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