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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. Shows the time you reported for work and the time you departed each day of the week.
weekly time card
gross pay
withholding tax
double time pay
2. The amount used to figure income tax with a tax-rate schedule
taxable income
straight commission
personal exemptions
net job benefits
3. Total income in a year - includes wages - salaries - commissions - bonuses - tips - interest - dividends - prizes - pensions - sale of stock - and profit from a business.
salary
net pay
time and a half
gross income
4. The total amount of money you earn for a pay period at the hourly rate.
unearned income
annual gross pay
straight time pay
biweekly
5. Money received from interest and dividends
time and a half
unearned income
piece work
commission rate
6. 26 pay periods.
biweekly
commission rate
withholding allowances
straight commission
7. Employers are required by law to withhold a certain amount of your pay.
deductions
exemption
double time
federal income tax
8. An amount of money that you are paid for selling a product or service.
double time
commission
taxable income
double time pay
9. Subtractions from gross pay
taxable wages
annual gross pay
deductions
hourly rate
10. Person or company an employee work for
graduated commission
employer
withholding allowances
budget
11. Money paid out of the total job benefits fro things usuch as travel - dues - tools.
employer
job expenses
adjusted gross income
graduated commission
12. An allowance for a person used to reduce the amount of tax withheld from pay
withholding allowances
personal exemptions
weekly
graduated commission
13. Be an amount for each item sold or it may be a % of the $ value
straight commission
commission
time and a half
over time pay
14. When you work more than your regular hours.
over time pay
straight commission
overtime
personal exemptions
15. An employee who is needed and paid by the day.
graduated commission
employer
per diem
exemption
16. What you earn before exemptions are taken out.
annual tax withheld
annual gross pay
hourly rate
federal income tax
17. An amount of income that is free from tax
annual gross pay
withholding allowances
exemption
flat tax
18. Portion of your wage that you pay tax on.
over time pay
taxable wages
piece rate
straight commission
19. What people are paid
personal exemptions
weekly
annual tax withheld
salary
20. Offers a different rate of commission for each of several levels of sales.
straight commission
graduated commission
federal income tax
adjusted gross income
21. Given for work over a certain # of hours or for work on weekends & holidays
withholding allowances
taxable wages
double time pay
employee
22. Amount of tax withheld a year.
per diem
average
annual tax withheld
annual gross pay
23. The amount of money you earn per hour.
semimonthly
hourly rate
personal exemptions
graduated income tax
24. May be a specified amount of money for each sale or it may be a percent of the total value of your sales.
withholding tax
hourly rate
commission
commission rate
25. Time worked beyond the standard work week or hours
net pay
overtime
commission
standard deductions
26. A tax rate that stays the same for every person regardless of the amount of income they make in a year
withholding tax
weekly time card
flat tax
hourly rate
27. 6 pay periods.
semimonthly
commission rate
average
piece work
28. Subtracts from gross pay for yourself and other people you support.
flat tax
job expenses
double time
personal exemptions
29. A fixed amount that can be deducted from a taxable income. used in place of itemized deductions.
tax rate
standard deductions
salary
straight time pay
30. Single number used to represent a goup of #'s
weekly
average
taxable income
net pay
31. A tax term meaning gross income less adjustments
salary
gross income
adjusted gross income
piece rate
32. A deduction from pay for income tax
graduated commission
withholding tax
taxable wages
budget
33. The total value of the benefits received from a job less job expenses
overtime
monthly
net job benefits
gross income
34. If the commission is the only pay you receive.
graduated commission
straight commission
tax rate
monthly
35. 1 1/2 times (x1.5) the regular time rate
deductions
job expenses
biweekly
time and a half pay
36. If you are married or are in charge of any other support.
withholding allowances
piece rate
deductions
unearned income
37. Fixed amount of sales above which commission is paid
budget
graduated income tax
standard deductions
quota
38. 2 times your regular hourly rate.
earned income
double time
adjusted gross income
employer
39. Pay system in which the rate of commission increased as the base increases
net job benefits
salary
graduated commission
biweekly
40. 52 pay periods.
graduated commission
graduated income tax
weekly
straight commission
41. System in which commission is only pay
straight commission
time and a half
federal income tax
employee
42. Money received from working such as wages - salaries or tips
graduated commission
standard deductions
earned income
semimonthly
43. Who is paid by the hour
hourly rate
withholding allowances
withholding tax
employee
44. 1 1/2 times your regular hourly rate.
tax rate
piece work
time and a half
salary
45. Future spending goals
double time pay
gross pay
budget
straight time pay
46. When there is a different tax rate for each of several levels of income.
graduated commission
graduated income tax
graduated commission
piece rate
47. Who work for others
gross income
straight time pay
graduated commission
employee
48. A wage system in which workers are paid by the # of pieces produced
gross income
straight commission
piece rate
per diem
49. 12 pay periods.
withholding allowances
withholding tax
monthly
earned income
50. The remaining pay after deductions have been subtracted from total or gross wages; take-home pay
weekly
net pay
per diem
quota
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