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DSST Business Math: Salaries Vocab
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DSST Business Math: Salaries Vocab
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25 Questions

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

2. A tax term meaning gross income less adjustments

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

4. 1 1/2 times your regular hourly rate.

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

6. A deduction from pay for income tax

7. 6 pay periods.

8. Money received from interest and dividends

9. Who is paid by the hour

10. Subtractions from gross pay

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

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

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

14. 52 pay periods.

15. Person or company an employee work for

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

17. What people are paid

18. 1 1/2 times (x1.5) the regular time rate

19. 26 pay periods.

20. Future spending goals

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

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

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

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

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

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