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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 employee who is needed and paid by the day.






2. Subtractions from gross pay






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






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






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






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






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






8. A deduction from pay for income tax






9. When you work more than your regular hours.






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






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






12. An amount of income that is free from tax






13. What people are paid






14. Amount of tax withheld a year.






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






16. Fixed amount of sales above which commission is paid






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






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






19. Person or company an employee work for






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






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






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






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






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






25. The amount of money you earn per hour.






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






28. A tax term meaning gross income less adjustments






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






30. Money received from interest and dividends






31. 52 pay periods.






32. 2 times your regular hourly rate.






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






34. Time worked beyond the standard work week or hours






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






36. 12 pay periods.






37. Total amount of money that an employee is paid






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






39. Who is paid by the hour






40. What you earn before exemptions are taken out.






41. System in which commission is only pay






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






43. 26 pay periods.






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






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






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






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






48. Future spending goals






49. 6 pay periods.






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