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Test your basic knowledge |
DSST Business Math: Salaries Vocab
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Study First
Subjects
:
dsst
,
math
,
business-skills
,
business-math
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. 12 pay periods.
deductions
monthly
hourly rate
salary
2. Subtracts from gross pay for yourself and other people you support.
annual tax withheld
earned income
personal exemptions
quota
3. Subtractions from gross pay
deductions
personal exemptions
graduated income tax
hourly rate
4. Money paid out of the total job benefits fro things usuch as travel - dues - tools.
commission
commission rate
quota
job expenses
5. Shows the time you reported for work and the time you departed each day of the week.
unearned income
deductions
job expenses
weekly time card
6. Total amount of money that an employee is paid
annual tax withheld
gross pay
budget
personal exemptions
7. If you are married or are in charge of any other support.
withholding allowances
job expenses
budget
hourly rate
8. Or fringe benefits - in addition to wages - extra pay or services
employee benefits
net pay
commission
job expenses
9. May be a specified amount of money for each sale or it may be a percent of the total value of your sales.
straight commission
net job benefits
hourly rate
commission rate
10. What you earn before exemptions are taken out.
annual gross pay
time and a half
adjusted gross income
tax rate
11. Person or company an employee work for
piece work
employer
salary
taxable income
12. Given for work over a certain # of hours or for work on weekends & holidays
gross pay
overtime
graduated commission
double time pay
13. An amount of income that is free from tax
gross pay
hourly rate
exemption
piece work
14. Money received from interest and dividends
unearned income
job expenses
deductions
employer
15. Fixed amount of sales above which commission is paid
quota
exemption
double time
weekly
16. Expressed as a percent and used to determine how much tax you pay.
hourly rate
taxable income
tax rate
commission
17. An employee who is needed and paid by the day.
adjusted gross income
commission
per diem
unearned income
18. An amount of money that you are paid for selling a product or service.
exemption
job expenses
commission
withholding tax
19. 26 pay periods.
biweekly
personal exemptions
earned income
employee benefits
20. A fixed amount that can be deducted from a taxable income. used in place of itemized deductions.
standard deductions
gross pay
graduated income tax
adjusted gross income
21. 1 1/2 times (x1.5) the regular time rate
biweekly
commission rate
time and a half pay
hourly rate
22. Future spending goals
budget
withholding allowances
overtime
per diem
23. Single number used to represent a goup of #'s
time and a half pay
deductions
semimonthly
average
24. Offers a different rate of commission for each of several levels of sales.
time and a half
exemption
graduated commission
annual gross pay
25. When there is a different tax rate for each of several levels of income.
graduated income tax
commission rate
straight time pay
annual tax withheld
26. The amount used to figure income tax with a tax-rate schedule
average
annual gross pay
job expenses
taxable income
27. 2 times your regular hourly rate.
graduated income tax
biweekly
double time
time and a half
28. The remaining pay after deductions have been subtracted from total or gross wages; take-home pay
commission
employee benefits
tax rate
net pay
29. When you work more than your regular hours.
hourly rate
withholding tax
commission rate
over time pay
30. A wage system in which workers are paid by the # of pieces produced
time and a half pay
budget
piece rate
taxable income
31. Portion of your wage that you pay tax on.
commission rate
budget
taxable wages
monthly
32. An allowance for a person used to reduce the amount of tax withheld from pay
straight commission
withholding allowances
annual tax withheld
graduated commission
33. Who work for others
employee
overtime
straight commission
time and a half
34. A tax term meaning gross income less adjustments
straight commission
annual gross pay
weekly
adjusted gross income
35. A tax rate that stays the same for every person regardless of the amount of income they make in a year
double time pay
standard deductions
flat tax
employee benefits
36. The total value of the benefits received from a job less job expenses
net job benefits
taxable income
average
time and a half
37. A deduction from pay for income tax
quota
withholding tax
overtime
salary
38. What people are paid
quota
overtime
straight commission
salary
39. The amount of money you earn per hour.
taxable income
job expenses
hourly rate
employee
40. System in which commission is only pay
straight commission
commission rate
gross income
biweekly
41. If the commission is the only pay you receive.
straight commission
personal exemptions
withholding allowances
gross pay
42. Total income in a year - includes wages - salaries - commissions - bonuses - tips - interest - dividends - prizes - pensions - sale of stock - and profit from a business.
gross income
annual gross pay
biweekly
graduated income tax
43. 1 1/2 times your regular hourly rate.
hourly rate
job expenses
flat tax
time and a half
44. Money received from working such as wages - salaries or tips
tax rate
employee
semimonthly
earned income
45. Receive a specific amount of money that you earn on a regular basis.
unearned income
job expenses
piece work
salary
46. Pay system in which the rate of commission increased as the base increases
gross income
graduated commission
overtime
employee
47. 6 pay periods.
semimonthly
average
withholding allowances
weekly
48. Be an amount for each item sold or it may be a % of the $ value
graduated income tax
straight commission
commission
tax rate
49. Employers are required by law to withhold a certain amount of your pay.
federal income tax
over time pay
weekly time card
quota
50. Who is paid by the hour
hourly rate
taxable income
straight time pay
commission