Test your basic knowledge |

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






3. 26 pay periods.






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






5. The amount of money you earn per hour.






6. 12 pay periods.






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






8. Subtractions from gross pay






9. Person or company an employee work for






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






11. What people are paid






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






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






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






15. Who is paid by the hour






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






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






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






19. A tax term meaning gross income less adjustments






20. Time worked beyond the standard work week or hours






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






22. 52 pay periods.






23. 6 pay periods.






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






25. Future spending goals






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






27. An amount of income that is free from tax






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






29. Fixed amount of sales above which commission is paid






30. A deduction from pay for income tax






31. What you earn before exemptions are taken out.






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






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






34. Who work for others






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






36. System in which commission is only pay






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






38. 2 times your regular hourly rate.






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






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






41. Amount of tax withheld a year.






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






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






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






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






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






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






48. Total amount of money that an employee is paid






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






50. Money received from interest and dividends