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DSST Business Math: Salaries Vocab

  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. 1 1/2 times (x1.5) the regular time rate

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

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

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

6. 1 1/2 times your regular hourly rate.

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

8. An amount of income that is free from tax

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

10. Total amount of money that an employee is paid

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

12. A deduction from pay for income tax

13. Amount of tax withheld a year.

14. Who work for others

15. Fixed amount of sales above which commission is paid

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

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

18. Future spending goals

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

20. Time worked beyond the standard work week or hours

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

22. Who is paid by the hour

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

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

25. Money received from interest and dividends

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

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

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

29. What you earn before exemptions are taken out.

30. The amount of money you earn per hour.

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

32. 2 times your regular hourly rate.

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

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

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

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

37. When you work more than your regular hours.

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

39. What people are paid

40. Person or company an employee work for

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

42. 26 pay periods.

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

44. 52 pay periods.

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

46. System in which commission is only pay

47. Subtractions from gross pay

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

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

50. 6 pay periods.