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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. Who work for others






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






3. What you earn before exemptions are taken out.






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






5. Person or company an employee work for






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






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






8. The amount of money you earn per hour.






9. Amount of tax withheld a year.






10. 6 pay periods.






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






12. 52 pay periods.






13. 12 pay periods.






14. System in which commission is only pay






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






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






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






18. 1 1/2 times (x1.5) the regular time rate






19. An amount of income that is free from tax






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






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






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






23. Who is paid by the hour






24. What people are paid






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






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






27. 26 pay periods.






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






29. A tax term meaning gross income less adjustments






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






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






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






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






34. 1 1/2 times your regular hourly rate.






35. A deduction from pay for income tax






36. Money received from interest and dividends






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






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






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






40. When you work more than your regular hours.






41. Fixed amount of sales above which commission is paid






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






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. Subtractions from gross pay






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






46. Future spending goals






47. 2 times your regular hourly rate.






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






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






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