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






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






3. Money received from interest and dividends






4. Time worked beyond the standard work week or hours






5. 52 pay periods.






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






7. A tax term meaning gross income less adjustments






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






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






10. Subtractions from gross pay






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






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






13. Person or company an employee work for






14. Who is paid by the hour






15. 6 pay periods.






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






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






18. A deduction from pay for income tax






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






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






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






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






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






25. What people are paid






26. Total amount of money that an employee is paid






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






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






29. Fixed amount of sales above which commission is paid






30. 1 1/2 times (x1.5) the regular time rate






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






32. 1 1/2 times your regular hourly rate.






33. 12 pay periods.






34. An amount of income that is free from tax






35. What you earn before exemptions are taken out.






36. 2 times your regular hourly rate.






37. Who work for others






38. Amount of tax withheld a year.






39. System in which commission is only pay






40. The amount of money you earn per hour.






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






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






43. When you work more than your regular hours.






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






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






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






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






48. 26 pay periods.






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






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