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