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DSST Business Math: Salaries Vocab

  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. 1 1/2 times your regular hourly rate.

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

3. 52 pay periods.

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

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

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

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

8. An amount of income that is free from tax

9. Who work for others

10. 2 times your regular hourly rate.

11. A tax term meaning gross income less adjustments

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

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

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

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

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

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

18. 26 pay periods.

19. Total amount of money that an employee is paid

20. Money received from interest and dividends

21. 6 pay periods.

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

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

24. What you earn before exemptions are taken out.

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

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

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

28. Time worked beyond the standard work week or hours

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

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

31. 12 pay periods.

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

33. Future spending goals

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

35. 1 1/2 times (x1.5) the regular time rate

36. The amount of money you earn per hour.

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

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

39. System in which commission is only pay

40. Person or company an employee work for

41. Amount of tax withheld a year.

42. A deduction from pay for income tax

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

44. Fixed amount of sales above which commission is paid

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

46. Who is paid by the hour

47. Subtractions from gross pay

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

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

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