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






2. Future spending goals






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






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






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






6. Time worked beyond the standard work week or hours






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






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






9. Total amount of money that an employee is paid






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






11. Amount of tax withheld a year.






12. 52 pay periods.






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






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






15. 1 1/2 times your regular hourly rate.






16. Subtractions from gross pay






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






18. An amount of income that is free from tax






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






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






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






22. What people are paid






23. 12 pay periods.






24. Fixed amount of sales above which commission is paid






25. A deduction from pay for income tax






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






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






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






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






30. When you work more than your regular hours.






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






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






33. Person or company an employee work for






34. System in which commission is only pay






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






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






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






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






39. A tax term meaning gross income less adjustments






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






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






42. Money received from interest and dividends






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






44. What you earn before exemptions are taken out.






45. 6 pay periods.






46. Who is paid by the hour






47. 26 pay periods.






48. Who work for others






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






50. The amount of money you earn per hour.