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






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






4. 6 pay periods.






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






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






7. Money received from interest and dividends






8. Who is paid by the hour






9. 52 pay periods.






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






11. 1 1/2 times your regular hourly rate.






12. The amount of money you earn per hour.






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






14. 1 1/2 times (x1.5) the regular time rate






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






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






17. 2 times your regular hourly rate.






18. An amount of income that is free from tax






19. Fixed amount of sales above which commission is paid






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






21. What you earn before exemptions are taken out.






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






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






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






25. What people are paid






26. Time worked beyond the standard work week or hours






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






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






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






30. Person or company an employee work for






31. Who work for others






32. A tax term meaning gross income less adjustments






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






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






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






36. Amount of tax withheld a year.






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






38. A deduction from pay for income tax






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






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






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






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






43. System in which commission is only pay






44. When you work more than your regular hours.






45. 26 pay periods.






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






47. Subtractions from gross pay






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






49. 12 pay periods.






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