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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. Portion of your wage that you pay tax on.






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






4. 52 pay periods.






5. What you earn before exemptions are taken out.






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






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






8. Person or company an employee work for






9. Who is paid by the hour






10. 2 times your regular hourly rate.






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






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






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






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






15. Total amount of money that an employee is paid






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






17. 1 1/2 times (x1.5) the regular time rate






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






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






20. 12 pay periods.






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






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






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






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






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






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






27. System in which commission is only pay






28. Amount of tax withheld a year.






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






30. An amount of income that is free from tax






31. Future spending goals






32. Who work for others






33. When you work more than your regular hours.






34. 26 pay periods.






35. 1 1/2 times your regular hourly rate.






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






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






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






39. Money received from interest and dividends






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






41. The amount of money you earn per hour.






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






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






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






45. A deduction from pay for income tax






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






47. 6 pay periods.






48. What people are paid






49. Time worked beyond the standard work week or hours






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