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






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






3. System in which commission is only pay






4. Who is paid by the hour






5. The amount of money you earn per hour.






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






7. An amount of income that is free from tax






8. 6 pay periods.






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






10. What you earn before exemptions are taken out.






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






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






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






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






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






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






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






18. Amount of tax withheld a year.






19. Subtractions from gross pay






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






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






22. A tax term meaning gross income less adjustments






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






24. 1 1/2 times (x1.5) the regular time rate






25. A deduction from pay for income tax






26. What people are paid






27. Total amount of money that an employee is paid






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






29. 2 times your regular hourly rate.






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






31. 1 1/2 times your regular hourly rate.






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






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






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






35. 12 pay periods.






36. Money received from interest and dividends






37. 52 pay periods.






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






39. 26 pay periods.






40. Future spending goals






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






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






43. When you work more than your regular hours.






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






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






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






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






48. Who work for others






49. Fixed amount of sales above which commission is paid






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