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