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






2. A deduction from pay for income tax






3. What people are paid






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






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






6. Person or company an employee work for






7. When you work more than your regular hours.






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






9. 52 pay periods.






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






11. Time worked beyond the standard work week or hours






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






13. 1 1/2 times (x1.5) the regular time rate






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






15. System in which commission is only pay






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






17. 12 pay periods.






18. What you earn before exemptions are taken out.






19. Future spending goals






20. 6 pay periods.






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






22. 26 pay periods.






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






24. Who is paid by the hour






25. Amount of tax withheld a year.






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






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






28. Who work for others






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






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






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






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






33. The amount of money you earn per hour.






34. Money received from interest and dividends






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






36. A tax term meaning gross income less adjustments






37. Total amount of money that an employee is paid






38. 1 1/2 times your regular hourly rate.






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






40. Fixed amount of sales above which commission is paid






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






42. Subtractions from gross pay






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






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






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






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






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






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






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






50. 2 times your regular hourly rate.