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