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






2. Amount of tax withheld a year.






3. What you earn before exemptions are taken out.






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






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






6. 26 pay periods.






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






8. Total amount of money that an employee is paid






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






10. When you work more than your regular hours.






11. Future spending goals






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






13. 2 times your regular hourly rate.






14. What people are paid






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






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






17. 12 pay periods.






18. 6 pay periods.






19. Person or company an employee work for






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






21. Who is paid by the hour






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






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






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






25. Who work for others






26. The amount of money you earn per hour.






27. Fixed amount of sales above which commission is paid






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






29. 1 1/2 times your regular hourly rate.






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






31. Subtractions from gross pay






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






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






34. Time worked beyond the standard work week or hours






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






36. System in which commission is only pay






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






38. A deduction from pay for income tax






39. 52 pay periods.






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






41. A tax term meaning gross income less adjustments






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






43. Money received from interest and dividends






44. An amount of income that is free from tax






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






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






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






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






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






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