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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. Fixed amount of sales above which commission is paid






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






3. Subtractions from gross pay






4. 26 pay periods.






5. Time worked beyond the standard work week or hours






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






7. 1 1/2 times (x1.5) the regular time rate






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






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






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






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






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






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






14. 6 pay periods.






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






16. An amount of income that is free from tax






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






18. System in which commission is only pay






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






20. Future spending goals






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






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






23. 52 pay periods.






24. Amount of tax withheld a year.






25. 2 times your regular hourly rate.






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






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






28. A deduction from pay for income tax






29. Money received from interest and dividends






30. What you earn before exemptions are taken out.






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






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






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






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






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






36. Person or company an employee work for






37. 12 pay periods.






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






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






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






41. Who is paid by the hour






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






43. The amount of money you earn per hour.






44. A tax term meaning gross income less adjustments






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






46. Total amount of money that an employee is paid






47. What people are paid






48. 1 1/2 times your regular hourly rate.






49. Who work for others






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







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