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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. 12 pay periods.






2. Time worked beyond the standard work week or hours






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






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






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






6. Fixed amount of sales above which commission is paid






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






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






9. Who is paid by the hour






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






11. 52 pay periods.






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






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






14. 6 pay periods.






15. A deduction from pay for income tax






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






17. Amount of tax withheld a year.






18. 26 pay periods.






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






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






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






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






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






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






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






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






27. Total amount of money that an employee is paid






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






29. A tax term meaning gross income less adjustments






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






31. What you earn before exemptions are taken out.






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






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






34. Subtractions from gross pay






35. What people are paid






36. The amount of money you earn per hour.






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. Person or company an employee work for






39. When you work more than your regular hours.






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






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






42. Future spending goals






43. 2 times your regular hourly rate.






44. 1 1/2 times your regular hourly rate.






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






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






47. 1 1/2 times (x1.5) the regular time rate






48. Money received from interest and dividends






49. Who work for others






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