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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. Future spending goals






2. 6 pay periods.






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






4. Amount of tax withheld a year.






5. 1 1/2 times your regular hourly rate.






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






7. 52 pay periods.






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






9. Person or company an employee work for






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






11. 26 pay periods.






12. The amount of money you earn per hour.






13. What you earn before exemptions are taken out.






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






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






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






17. When you work more than your regular hours.






18. What people are paid






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






20. 2 times your regular hourly rate.






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






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






23. 12 pay periods.






24. Fixed amount of sales above which commission is paid






25. Money received from interest and dividends






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






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






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






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






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






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






32. Who is paid by the hour






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






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






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






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






37. Time worked beyond the standard work week or hours






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






39. A tax term meaning gross income less adjustments






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






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






42. An amount of income that is free from tax






43. 1 1/2 times (x1.5) the regular time rate






44. Subtractions from gross pay






45. Total amount of money that an employee is paid






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






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






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






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






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