Unraveling Payslips: Understanding Your Earnings

Unraveling Payslips: Understanding Your Earnings
We need several maths skills to understand:
* What we are paid 
* How we are paid
* What we pay towards out of our wages
* What we take home
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Slide 1: Slide

This lesson contains 14 slides, with interactive quizzes and text slides.

Items in this lesson

Unraveling Payslips: Understanding Your Earnings
We need several maths skills to understand:
* What we are paid 
* How we are paid
* What we pay towards out of our wages
* What we take home

Slide 1 - Slide

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Slide 2 - Slide

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Learning Objective
At the end of the lesson, you will be able to understand the components of a payslip and interpret your earnings effectively.

Slide 3 - Slide

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What do you already know about payslips?

Slide 4 - Mind map

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What is a Payslip?
A payslip is a document provided by an employer to an employee, detailing the employee's earnings and deductions for a specific pay period.

Slide 5 - Slide

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Components of a Payslip
Payslips typically include information such as gross pay, net pay, taxes, deductions, and contributions to benefits.

Slide 6 - Slide

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Understanding Gross Pay
Gross pay is the total amount of money earned before any deductions or taxes are taken out.

Slide 7 - Slide

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Deciphering Net Pay
Net pay is the amount of money an employee takes home after deductions such as taxes, insurance, and other contributions.

Slide 8 - Slide

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Tax and Deductions
This section of the payslip shows the amount of tax withheld, as well as other deductions like social security, retirement contributions, and insurance premiums.

Slide 9 - Slide

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Benefits and Contributions
Payslips may include details about contributions to benefits such as healthcare, retirement plans, and other employee benefits.

Slide 10 - Slide

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Review and Practice
Review key points about payslips and facilitate interactive exercises to reinforce learning.

Slide 11 - Slide

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Write down 3 things you learned in this lesson.

Slide 12 - Open question

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.
Write down 2 things you want to know more about.

Slide 13 - Open question

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.
Ask 1 question about something you haven't quite understood yet.

Slide 14 - Open question

The students indicate here (in question form) with which part of the material they still have difficulty. For the teacher, this not only provides insight into the extent to which the students understand/master the material, but also a good starting point for the next lesson.