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






2. When you work more than your regular hours.






3. A deduction from pay for income tax






4. Money received from interest and dividends






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






6. What people are paid






7. Who is paid by the hour






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






9. Time worked beyond the standard work week or hours






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






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






12. Subtractions from gross pay






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






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






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






16. 2 times your regular hourly rate.






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






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






19. 1 1/2 times your regular hourly rate.






20. Amount of tax withheld a year.






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






22. An amount of income that is free from tax






23. Person or company an employee work for






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






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






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






27. 6 pay periods.






28. Future spending goals






29. What you earn before exemptions are taken out.






30. 12 pay periods.






31. Who work for others






32. System in which commission is only pay






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






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






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






36. 52 pay periods.






37. Total amount of money that an employee is paid






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






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






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






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






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






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






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






45. 26 pay periods.






46. Fixed amount of sales above which commission is paid






47. The amount of money you earn per hour.






48. A tax term meaning gross income less adjustments






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






50. 1 1/2 times (x1.5) the regular time rate