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