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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 your regular hourly rate.






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






3. 52 pay periods.






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






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






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






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






8. An amount of income that is free from tax






9. Who work for others






10. 2 times your regular hourly rate.






11. A tax term meaning gross income less adjustments






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






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






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






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






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






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






18. 26 pay periods.






19. Total amount of money that an employee is paid






20. Money received from interest and dividends






21. 6 pay periods.






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






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






24. What you earn before exemptions are taken out.






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






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






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






28. Time worked beyond the standard work week or hours






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






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






31. 12 pay periods.






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






33. Future spending goals






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






35. 1 1/2 times (x1.5) the regular time rate






36. The amount of money you earn per hour.






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






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






39. System in which commission is only pay






40. Person or company an employee work for






41. Amount of tax withheld a year.






42. A deduction from pay for income tax






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






44. Fixed amount of sales above which commission is paid






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






46. Who is paid by the hour






47. Subtractions from gross pay






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






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






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