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