Test your basic knowledge |

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. Person or company an employee work for






2. The amount of money you earn per hour.






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






4. Subtractions from gross pay






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






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






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






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






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






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






11. An amount of income that is free from tax






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






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






14. When you work more than your regular hours.






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






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






17. 2 times your regular hourly rate.






18. Amount of tax withheld a year.






19. A tax term meaning gross income less adjustments






20. What people are paid






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






22. A deduction from pay for income tax






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






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






25. 26 pay periods.






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






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






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






29. Time worked beyond the standard work week or hours






30. 6 pay periods.






31. Who is paid by the hour






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






33. What you earn before exemptions are taken out.






34. 1 1/2 times (x1.5) the regular time rate






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






36. 12 pay periods.






37. Total amount of money that an employee is paid






38. 52 pay periods.






39. System in which commission is only pay






40. Money received from interest and dividends






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






42. Future spending goals






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






44. Fixed amount of sales above which commission is paid






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






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






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






48. Who work for others






49. 1 1/2 times your regular hourly rate.






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