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






2. Future spending goals






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






4. Who work for others






5. 6 pay periods.






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






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






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






9. Fixed amount of sales above which commission is paid






10. When you work more than your regular hours.






11. A tax term meaning gross income less adjustments






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






13. Time worked beyond the standard work week or hours






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






15. Amount of tax withheld a year.






16. A deduction from pay for income tax






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






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






19. 1 1/2 times (x1.5) the regular time rate






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






21. Money received from interest and dividends






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






23. Total amount of money that an employee is paid






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






25. What people are paid






26. 2 times your regular hourly rate.






27. What you earn before exemptions are taken out.






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






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






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






31. 52 pay periods.






32. 1 1/2 times your regular hourly rate.






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






34. An amount of income that is free from tax






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






36. Person or company an employee work for






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






38. Subtractions from gross pay






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






40. 12 pay periods.






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






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






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






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






45. Who is paid by the hour






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






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






48. 26 pay periods.






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






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







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