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