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






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






3. 2 times your regular hourly rate.






4. 12 pay periods.






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






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






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






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






9. 1 1/2 times (x1.5) the regular time rate






10. A deduction from pay for income tax






11. Person or company an employee work for






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






13. 1 1/2 times your regular hourly rate.






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






15. System in which commission is only pay






16. The amount of money you earn per hour.






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






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






19. Subtractions from gross pay






20. Amount of tax withheld a year.






21. Money received from interest and dividends






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






23. Future spending goals






24. Total amount of money that an employee is paid






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






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






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






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






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






30. Who is paid by the hour






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






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






33. 52 pay periods.






34. When you work more than your regular hours.






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






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






37. Who work for others






38. A tax term meaning gross income less adjustments






39. Fixed amount of sales above which commission is paid






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






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






42. 26 pay periods.






43. Time worked beyond the standard work week or hours






44. An amount of income that is free from tax






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






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






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






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






49. What you earn before exemptions are taken out.






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