Money isn't everything, but it is an important part of life! This topic will teach you about different ways you can earn money, and how deductions are calculated. 

 

By the end of the topic you will be able to:

• Calculate how much you will earn, if you know what you are being paid for the given amount of time you work

• explain the various income types 

• determine deductions and net pay

 

KEY TERMS- benefits, bonus, commission, contract, deductions, gross pay, piecework, overtime, net pay, salary, wage, tip, taxable income and minimum wage.

 

You will show your understanding by completing all of the Tasks below and completing your notes for this topic in your Math Notebook.