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






2. 2 times your regular hourly rate.






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






4. The amount of money you earn per hour.






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






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






7. Subtractions from gross pay






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






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






10. Money received from interest and dividends






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






12. 6 pay periods.






13. What you earn before exemptions are taken out.






14. 52 pay periods.






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






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






17. 1 1/2 times (x1.5) the regular time rate






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






19. Future spending goals






20. Total amount of money that an employee is paid






21. Time worked beyond the standard work week or hours






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






23. Who work for others






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






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






26. What people are paid






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






28. A tax term meaning gross income less adjustments






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






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






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






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






33. When you work more than your regular hours.






34. Amount of tax withheld a year.






35. System in which commission is only pay






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






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






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






39. Fixed amount of sales above which commission is paid






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






41. Who is paid by the hour






42. 1 1/2 times your regular hourly rate.






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






44. Person or company an employee work for






45. 12 pay periods.






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






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






48. 26 pay periods.






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. An amount of income that is free from tax