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