Grade _10-3__

Unit __income _____ Dates __

Number 2. Demonstrate an understanding of income, including: wages salary contracts commissions piecework to calculate gross pay and net pay. Achievement indicators 2.1 Describe, using examples, various methods of earning income. 2.2 Identify and list jobs that commonly use different methods of earning income; e.g., hourly wage, wage and tips, salary, commission, contract, bonus, shift premiums. 2.3 Determine in decimal form, from a time schedule, the total time worked in hours and minutes, including time and a half and/or double time. 2.4 Determine gross pay from given or calculated hours worked when given: y the base hourly wage, with and without tips ythe base hourly wage, plus overtime (time and a half, double time). 2.5 Determine gross pay for earnings acquired by: ybase wage, plus commission ysingle commission rate. 2.6 Explain why gross pay and net pay are not the same. 2.7 Determine the Canadian Pension Plan (CPP), Employment Insurance (EI) and income tax deductions for a given gross pay. 2.8 Determine net pay when given deductions; e.g., health plans, uniforms, union dues, charitable donations, payroll tax. 2.9 Investigate, with technology, what if ... questions related to changes in income; e.g., What if there is a change in the rate of pay? 2.10 Identify and correct errors in a solution to a problem that involves gross or net pay. 2.11 Describe the advantages and disadvantages for a given method of earning income; e.g., hourly wage, tips, piecework, salary, commission, contract work

Lesson Title

SLOs

Learning Activities

Assessment

Methods of income

Hourly wage And piecework

2.1 describe using examples, various methods of earning an income 2.2 identify and list jobs that commonly use different methods of earning an income 2.11 describe advantages and disadvantages for a given method of earning an income 2.3 determine in decimal form, from a time schedule, the total time worked in hours and minutes

-how do we earn an income? - methods of earning an income. Hourly wage, tips, piecework, salary, commission, contracting

Formativequestioning, discussion, observation

Determine how much gross we should make when having an hourly wage Show time sheets and how to fill them out Show how piecework is different than hourly and determine how much an hour they make to compare to an hourly wage Determine pay for holidays or overtime at time and a half and for double time Determine what hourly wage with tips would be

Formativediscussion, observation

Holiday hourly wage

2.3 including time and a half and double time 2.4. determine gross pay from given or calculated hours worked when given the base hourly wage, with and without tips, base hourly wage plus overtime

Formativediscussion, observation, worksheet

Commission 2.5 determine gross pay for earnings acquired by: base Quiz wage, plus commission, single commission rate

Explain what commission is and what types of jobs use commission Calculate base wages with commission Calculate single commission wages Have the students write the quize on hourly and overtime wages

SummativeQuiz

Gross vs net pay

2.6 Explain why gross and net pay are not the same 2.7 determine the CPP, EI and income tax deductions

Explain what gross and net pay are Explain all of the different types of deductions that may be placed on your wage Determine what CPP, EI, and income tax deduction are taken off and explain the difference between different brackets Explain that on top of CPP, EI and income tax other deductions may be taken from their pay Show an example of a pay stub showing different types of deduction Have them calculate net pay with all the deductions and compare it to the gross wage Show them how to read a pay stub Give them pay stubs that have errors and have them correct the errors Hand out the assignment and explain what they will need to do Work on assignment in the computer lab Work on assignment in the computer lab Review the concepts and prepare for the exam Play review basketball with the students Have the students do the unit test and then work on any unfinished work

Formativeobservation, questioning

Net Pay

2.8 determine net pay when given deductions; E.g. health plans, uniforms, union dues, payroll tax,

Formativeobservation, questioning worksheet

Net Pay practice and assignment explanation Assignment work period Assignment Work Period Exam Review Unit Test

2.10- identify and correct errors in a solution to a problem that involves gross or net pay

Formativeobservation, questioning worksheet SummativeProject Summativeproject Formativequestioning, review game Summative- test

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