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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. Time worked beyond the standard work week or hours






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






3. When you work more than your regular hours.






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






5. 12 pay periods.






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






7. What people are paid






8. System in which commission is only pay






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






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






11. A tax term meaning gross income less adjustments






12. 52 pay periods.






13. An amount of income that is free from tax






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






15. What you earn before exemptions are taken out.






16. Fixed amount of sales above which commission is paid






17. Future spending goals






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






19. The amount of money you earn per hour.






20. 26 pay periods.






21. 6 pay periods.






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






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






24. Money received from interest and dividends






25. Who is paid by the hour






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






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






28. Total amount of money that an employee is paid






29. 2 times your regular hourly rate.






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






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






32. 1 1/2 times (x1.5) the regular time rate






33. Who work for others






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






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






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






37. Person or company an employee work for






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






39. Amount of tax withheld a year.






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






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






42. A deduction from pay for income tax






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






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






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






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






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






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






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