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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. Who is paid by the hour






2. Time worked beyond the standard work week or hours






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






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






6. An amount of income that is free from tax






7. 6 pay periods.






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






9. Person or company an employee work for






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






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






12. System in which commission is only pay






13. 1 1/2 times (x1.5) the regular time rate






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






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






16. Money received from interest and dividends






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






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






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






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






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






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






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






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






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






26. 26 pay periods.






27. What people are paid






28. When you work more than your regular hours.






29. Who work for others






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






31. A tax term meaning gross income less adjustments






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






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






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






35. Fixed amount of sales above which commission is paid






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






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






38. What you earn before exemptions are taken out.






39. Total amount of money that an employee is paid






40. 12 pay periods.






41. 2 times your regular hourly rate.






42. The amount of money you earn per hour.






43. A deduction from pay for income tax






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






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






46. 1 1/2 times your regular hourly rate.






47. 52 pay periods.






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






49. Future spending goals






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