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






2. Time worked beyond the standard work week or hours






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






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






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






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






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






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






9. The amount of money you earn per hour.






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. 26 pay periods.






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






13. 6 pay periods.






14. What you earn before exemptions are taken out.






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






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






17. Subtractions from gross pay






18. Total amount of money that an employee is paid






19. What people are paid






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






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






22. When you work more than your regular hours.






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






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






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






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






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






28. A tax term meaning gross income less adjustments






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






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






31. Fixed amount of sales above which commission is paid






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






33. 2 times your regular hourly rate.






34. An amount of income that is free from tax






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






36. System in which commission is only pay






37. 12 pay periods.






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






39. Money received from interest and dividends






40. Who work for others






41. 1 1/2 times your regular hourly rate.






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






43. Person or company an employee work for






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






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






46. Amount of tax withheld a year.






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






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






49. 52 pay periods.






50. Who is paid by the hour