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






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






3. Fixed amount of sales above which commission is paid






4. When you work more than your regular hours.






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






6. Time worked beyond the standard work week or hours






7. An amount of income that is free from tax






8. 1 1/2 times your regular hourly rate.






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






10. Subtractions from gross pay






11. A deduction from pay for income tax






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






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






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






15. A tax term meaning gross income less adjustments






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






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






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






19. Who is paid by the hour






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






21. Amount of tax withheld a year.






22. Money received from interest and dividends






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






24. 26 pay periods.






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






26. 2 times your regular hourly rate.






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






28. The amount of money you earn per hour.






29. Who work for others






30. 52 pay periods.






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






32. 1 1/2 times (x1.5) the regular time rate






33. System in which commission is only pay






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






35. Future spending goals






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






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






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






39. What you earn before exemptions are taken out.






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






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






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






43. Total amount of money that an employee is paid






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






45. What people are paid






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






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






48. 6 pay periods.






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






50. 12 pay periods.