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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. Who is paid by the hour






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






3. An amount of income that is free from tax






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






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






6. 1 1/2 times (x1.5) the regular time rate






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






8. Person or company an employee work for






9. 6 pay periods.






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






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






12. Who work for others






13. 1 1/2 times your regular hourly rate.






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






15. Future spending goals






16. System in which commission is only pay






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






18. 52 pay periods.






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






20. 12 pay periods.






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






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






23. What people are paid






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






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






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






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






28. What you earn before exemptions are taken out.






29. A tax term meaning gross income less adjustments






30. Time worked beyond the standard work week or hours






31. Amount of tax withheld a year.






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






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






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






35. A deduction from pay for income tax






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






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






38. Total amount of money that an employee is paid






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






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






41. Subtractions from gross pay






42. When you work more than your regular hours.






43. 2 times your regular hourly rate.






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






45. Money received from interest and dividends






46. 26 pay periods.






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






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






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






50. Fixed amount of sales above which commission is paid