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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. 26 pay periods.






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






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






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






5. When you work more than your regular hours.






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






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






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






9. 52 pay periods.






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






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






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






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






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






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






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






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






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






19. 12 pay periods.






20. Fixed amount of sales above which commission is paid






21. 2 times your regular hourly rate.






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






23. Future spending goals






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






25. Subtractions from gross pay






26. Total amount of money that an employee is paid






27. Person or company an employee work for






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






29. Amount of tax withheld a year.






30. What you earn before exemptions are taken out.






31. Who is paid by the hour






32. A tax term meaning gross income less adjustments






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






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






35. Time worked beyond the standard work week or hours






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






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






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






39. A deduction from pay for income tax






40. Who work for others






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. 1 1/2 times your regular hourly rate.






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






44. An amount of income that is free from tax






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






46. The amount of money you earn per hour.






47. 6 pay periods.






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






49. 1 1/2 times (x1.5) the regular time rate






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