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