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