Earning an Income
1.1 Wages and Salaries
o I understand what gross pay is.
o I understand what overtime is.
o I can calculate gross pay.
1.2 Alternate Ways to Earn Money
o I can describe each way to earn money (commission, salary, piecework, etc.)
o I can calculate gross pay for complex situations.
1.3 Additional Earnings
o I understand additional earnings (shift premiums, bonuses, etc.)
o I can calculate gross pay with additional earnings.
1.4 Deductions and Net Pay
o I understand what net pay is.
o I can calculate net pay given the deductions.
o I can determine CPP, EI and income tax given the gross pay.
o I understand what taxable income is and how to calculate it.
o I can proof-read and correct pay statements.
o I understand what gross pay is.
o I understand what overtime is.
o I can calculate gross pay.
1.2 Alternate Ways to Earn Money
o I can describe each way to earn money (commission, salary, piecework, etc.)
o I can calculate gross pay for complex situations.
1.3 Additional Earnings
o I understand additional earnings (shift premiums, bonuses, etc.)
o I can calculate gross pay with additional earnings.
1.4 Deductions and Net Pay
o I understand what net pay is.
o I can calculate net pay given the deductions.
o I can determine CPP, EI and income tax given the gross pay.
o I understand what taxable income is and how to calculate it.
o I can proof-read and correct pay statements.