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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. Fixed amount of sales above which commission is paid






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






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






4. 12 pay periods.






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






6. Who work for others






7. Amount of tax withheld a year.






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






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






10. 26 pay periods.






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






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






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






14. An amount of income that is free from tax






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






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






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






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






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






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






21. System in which commission is only pay






22. What you earn before exemptions are taken out.






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






24. 2 times your regular hourly rate.






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






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






27. Subtractions from gross pay






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






29. The amount of money you earn per hour.






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






31. 52 pay periods.






32. Future spending goals






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






34. 6 pay periods.






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






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






37. What people are paid






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






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






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






41. Person or company an employee work for






42. 1 1/2 times your regular hourly rate.






43. A deduction from pay for income tax






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






45. Who is paid by the hour






46. Total amount of money that an employee is paid






47. When you work more than your regular hours.






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






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






50. A tax term meaning gross income less adjustments