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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. An amount of income that is free from tax






2. 2 times your regular hourly rate.






3. System in which commission is only pay






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






5. A tax term meaning gross income less adjustments






6. What people are paid






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






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






9. 6 pay periods.






10. Money received from interest and dividends






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






12. Time worked beyond the standard work week or hours






13. Subtractions from gross pay






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






15. Who is paid by the hour






16. 12 pay periods.






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






18. Future spending goals






19. Person or company an employee work for






20. A deduction from pay for income tax






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






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






23. Total amount of money that an employee is paid






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






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






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






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






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






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






30. 52 pay periods.






31. Who work for others






32. Fixed amount of sales above which commission is paid






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






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






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






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






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






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






39. What you earn before exemptions are taken out.






40. The amount of money you earn per hour.






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






42. When you work more than your regular hours.






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






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






45. 26 pay periods.






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






47. Amount of tax withheld a year.






48. 1 1/2 times (x1.5) the regular time rate






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






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