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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. 6 pay periods.






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






3. Future spending goals






4. Amount of tax withheld a year.






5. Person or company an employee work for






6. Total amount of money that an employee is paid






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






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






9. The amount of money you earn per hour.






10. 52 pay periods.






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






12. 26 pay periods.






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






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






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






16. Subtractions from gross pay






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






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






19. When you work more than your regular hours.






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






21. Who work for others






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






23. Fixed amount of sales above which commission is paid






24. 2 times your regular hourly rate.






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






26. 12 pay periods.






27. System in which commission is only pay






28. A deduction from pay for income tax






29. Money received from interest and dividends






30. Time worked beyond the standard work week or hours






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






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






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






34. An amount of income that is free from tax






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






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






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






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






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






40. 1 1/2 times your regular hourly rate.






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






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






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






44. A tax term meaning gross income less adjustments






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






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






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






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






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






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







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