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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 interest and dividends






2. Who work for others






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






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






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






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






7. A tax term meaning gross income less adjustments






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






9. When you work more than your regular hours.






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






11. 2 times your regular hourly rate.






12. Future spending goals






13. What people are paid






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






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






16. Amount of tax withheld a year.






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






18. Person or company an employee work for






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






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






21. The amount of money you earn per hour.






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






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






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






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






26. Time worked beyond the standard work week or hours






27. Total amount of money that an employee is paid






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






29. 6 pay periods.






30. System in which commission is only pay






31. 52 pay periods.






32. An amount of income that is free from tax






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






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






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






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






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






38. Who is paid by the hour






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






40. 26 pay periods.






41. Fixed amount of sales above which commission is paid






42. 1 1/2 times your regular hourly rate.






43. 1 1/2 times (x1.5) the regular time rate






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






45. Subtractions from gross pay






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






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






48. What you earn before exemptions are taken out.






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






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