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






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






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






5. A deduction from pay for income tax






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






7. An amount of income that is free from tax






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






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






10. 1 1/2 times (x1.5) the regular time rate






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






12. 1 1/2 times your regular hourly rate.






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






14. What people are paid






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






16. Amount of tax withheld a year.






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






18. Who is paid by the hour






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






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






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






22. 2 times your regular hourly rate.






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






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






25. System in which commission is only pay






26. When you work more than your regular hours.






27. Time worked beyond the standard work week or hours






28. Who work for others






29. 12 pay periods.






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






31. A tax term meaning gross income less adjustments






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






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






34. 26 pay periods.






35. Subtractions from gross pay






36. The amount of money you earn per hour.






37. Fixed amount of sales above which commission is paid






38. Money received from interest and dividends






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. Person or company an employee work for






42. What you earn before exemptions are taken out.






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






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






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






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






47. Future spending goals






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






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






50. 6 pay periods.