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






2. What you earn before exemptions are taken out.






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






4. 1 1/2 times (x1.5) the regular time rate






5. 12 pay periods.






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






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






8. Fixed amount of sales above which commission is paid






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






10. Money received from interest and dividends






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






12. Total amount of money that an employee is paid






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






14. Who is paid by the hour






15. 6 pay periods.






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






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






18. The amount of money you earn per hour.






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






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






21. What people are paid






22. Person or company an employee work for






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






24. 52 pay periods.






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






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






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






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






29. System in which commission is only pay






30. Subtractions from gross pay






31. A tax term meaning gross income less adjustments






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






33. A deduction from pay for income tax






34. 1 1/2 times your regular hourly rate.






35. An amount of income that is free from tax






36. Time worked beyond the standard work week or hours






37. Future spending goals






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






39. Who work for others






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






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






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






43. 26 pay periods.






44. 2 times your regular hourly rate.






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






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






47. When you work more than your regular hours.






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






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






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







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