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






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






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






4. Time worked beyond the standard work week or hours






5. 12 pay periods.






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






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






8. 26 pay periods.






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






10. 1 1/2 times (x1.5) the regular time rate






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






12. 2 times your regular hourly rate.






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






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






15. Future spending goals






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






17. System in which commission is only pay






18. Subtractions from gross pay






19. What people are paid






20. A tax term meaning gross income less adjustments






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






22. What you earn before exemptions are taken out.






23. Money received from interest and dividends






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






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






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






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






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






29. 1 1/2 times your regular hourly rate.






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






31. Total amount of money that an employee is paid






32. Amount of tax withheld a year.






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






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






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






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






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






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






39. Fixed amount of sales above which commission is paid






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






41. A deduction from pay for income tax






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






43. When you work more than your regular hours.






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






45. The amount of money you earn per hour.






46. Who work for others






47. Who is paid by the hour






48. 6 pay periods.






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






50. Person or company an employee work for