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






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






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






4. What people are paid






5. 1 1/2 times your regular hourly rate.






6. The amount of money you earn per hour.






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






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






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






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






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






12. 6 pay periods.






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






14. System in which commission is only pay






15. Money received from interest and dividends






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






17. What you earn before exemptions are taken out.






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






19. Who work for others






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






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






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






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






24. 26 pay periods.






25. 52 pay periods.






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






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






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






29. A deduction from pay for income tax






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






31. An amount of income that is free from tax






32. When you work more than your regular hours.






33. Total amount of money that an employee is paid






34. Who is paid by the hour






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






36. Future spending goals






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






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






39. 2 times your regular hourly rate.






40. 12 pay periods.






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






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






43. Amount of tax withheld a year.






44. Time worked beyond the standard work week or hours






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






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






47. A tax term meaning gross income less adjustments






48. Subtractions from gross pay






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






50. 1 1/2 times (x1.5) the regular time rate