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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. When you work more than your regular hours.






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






3. Money received from interest and dividends






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






5. 52 pay periods.






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






7. Fixed amount of sales above which commission is paid






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






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






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






11. Person or company an employee work for






12. What you earn before exemptions are taken out.






13. 12 pay periods.






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






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






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






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






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






19. Total amount of money that an employee is paid






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






21. Time worked beyond the standard work week or hours






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






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






24. 6 pay periods.






25. Subtractions from gross pay






26. 2 times your regular hourly rate.






27. Amount of tax withheld a year.






28. The amount of money you earn per hour.






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






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






31. System in which commission is only pay






32. Who is paid by the hour






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






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






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






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






37. A deduction from pay for income tax






38. A tax term meaning gross income less adjustments






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






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






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






42. An amount of income that is free from tax






43. Who work for others






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






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






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






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






48. Future spending goals






49. What people are paid






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







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