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