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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. When you work more than your regular hours.






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






3. System in which commission is only pay






4. 52 pay periods.






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






6. Total amount of money that an employee is paid






7. What you earn before exemptions are taken out.






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






9. An amount of income that is free from tax






10. Money received from interest and dividends






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






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






13. Time worked beyond the standard work week or hours






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






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






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






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






18. 2 times your regular hourly rate.






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






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






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






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






23. A tax term meaning gross income less adjustments






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






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






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






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






28. Who work for others






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






30. A deduction from pay for income tax






31. Amount of tax withheld a year.






32. The amount of money you earn per hour.






33. 1 1/2 times (x1.5) the regular time rate






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






35. Future spending goals






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






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






38. 1 1/2 times your regular hourly rate.






39. Fixed amount of sales above which commission is paid






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






41. What people are paid






42. 6 pay periods.






43. 12 pay periods.






44. Subtractions from gross pay






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






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






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






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






49. Person or company an employee work for






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