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






3. What you earn before exemptions are taken out.






4. 12 pay periods.






5. The amount of money you earn per hour.






6. 2 times your regular hourly rate.






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






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






9. 1 1/2 times your regular hourly rate.






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






11. A deduction from pay for income tax






12. Subtractions from gross pay






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






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






16. Money received from interest and dividends






17. When you work more than your regular hours.






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






19. Amount of tax withheld a year.






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






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






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






23. Who is paid by the hour






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






25. Who work for others






26. System in which commission is only pay






27. 52 pay periods.






28. Time worked beyond the standard work week or hours






29. 26 pay periods.






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






31. A tax term meaning gross income less adjustments






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






33. What people are paid






34. An amount of income that is free from tax






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






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






37. 1 1/2 times (x1.5) the regular time rate






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






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






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






41. Total amount of money that an employee is paid






42. Person or company an employee work for






43. Future spending goals






44. 6 pay periods.






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






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






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






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






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






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






Can you answer 50 questions in 15 minutes?



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