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






2. The amount of money you earn per hour.






3. 52 pay periods.






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






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






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






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






8. Amount of tax withheld a year.






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






10. Who is paid by the hour






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






12. Future spending goals






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






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






15. 26 pay periods.






16. System in which commission is only pay






17. What you earn before exemptions are taken out.






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






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






20. Total amount of money that an employee is paid






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






22. 6 pay periods.






23. Person or company an employee work for






24. Fixed amount of sales above which commission is paid






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






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






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






28. When you work more than your regular hours.






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






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






31. 2 times your regular hourly rate.






32. An amount of income that is free from tax






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






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






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






36. 1 1/2 times your regular hourly rate.






37. A deduction from pay for income tax






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






39. Who work for others






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






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






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






43. 12 pay periods.






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






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






46. 1 1/2 times (x1.5) the regular time rate






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






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. Subtractions from gross pay






50. Money received from interest and dividends