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