Assess the financial, ethical and legal implications associated with different methods of paying for work.

Indicators for this outcome
(a) Compare the advantages and disadvantages of being self-employed to being an employee.
(b) Calculate gross pay for various methods of earning (e.g., hourly, salary, commission, piecework, gig employment and wages).
(c) Differentiate between gross pay and net pay or “take home pay.”
(d) Explore the impact of different pay periods (e.g., project completion, weekly, bi-monthly and monthly) on managing one’s finances.
(e)

Examine the responsibilities of employers, including those conducting business on First Nations reserves (e.g., urban) with respect to such things as:

  • issuing payment for work;
  • deducting income tax;
  • matching Canada Pension Plan deductions; and,
  • deducting employment insurance (EI) premiums

as outlined in provincial and federal legislation. (e.g., treaty education outcome TR10 - Examine contemporary economic implications of Treaties for all the people of Saskatchewan and other Canadian jurisdictions).

(f) Examine the ethics, legality, financial implications and human impact associated with various ways of paying for work (e.g., bartering and under the table payments).
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