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






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






3. The amount of money you earn per hour.






4. Time worked beyond the standard work week or hours






5. An amount of income that is free from tax






6. Fixed amount of sales above which commission is paid






7. 6 pay periods.






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






9. 26 pay periods.






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






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






12. Person or company an employee work for






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






14. System in which commission is only pay






15. 2 times your regular hourly rate.






16. Who is paid by the hour






17. Amount of tax withheld a year.






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






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






20. 1 1/2 times your regular hourly rate.






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






22. A tax term meaning gross income less adjustments






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






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






25. 1 1/2 times (x1.5) the regular time rate






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






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






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






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






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






31. Future spending goals






32. What you earn before exemptions are taken out.






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






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






35. Subtractions from gross pay






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






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






38. Who work for others






39. What people are paid






40. 52 pay periods.






41. A deduction from pay for income tax






42. Money received from interest and dividends






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






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






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






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






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






48. When you work more than your regular hours.






49. 12 pay periods.






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