AW Math 10 - UNIT 2 - EARNING AN INCOME

AW Math 10 - UNIT 2 - EARNING AN INCOME

Learning Objectives

Identify and explain different ways of earning an income. Calculate gross pay and understand the factors that affect it. Accurately track and record time using time cards. Calculate overtime pay and understand the conditions under which it applies. Recognize other forms of earning income beyond hourly wages. Distinguish between gross and net pay and identify common payroll deductions. Interpret deduction tables and pay statements.

What do you already know about earning an income?

Ways of Earning an Income

Understanding different methods of earning income beyond hourly wages.

Gross Pay

Total amount earned by an employee before any deductions are taken.

Keeping Track of Time

Accurately tracking and recording work hours using time cards.

Overtime Pay

Additional pay granted for hours worked beyond the standard workweek.

Other Ways to Earn an Income

Recognizing additional forms of earning income beyond standard wages.

Net Pay and Deductions

Understanding the difference between gross and net pay, as well as common payroll deductions.

Deductions Tables

Interpreting deduction tables to understand how deductions are calculated.

Pay Statements

Understanding the details provided in pay statements, including gross pay, deductions, and net pay for a pay period.

Definition List

Gross Pay, Net Pay, Overtime Pay, Deductions, Time Cards, Pay Statements

Write down 3 things you learned in this lesson.

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.

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.

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.