Financial Literacy 20, 30

(a)	Identify the common components of a pay stub including pay period, gross pay, deductions, net pay, employer contributions, hours worked or projects completed.
(b)	Explain the purpose of each component of a pay stub.
(c)	Differentiate between required and voluntary deductions on a pay stub.
(d)	Explain the purpose of deductions including Canada Pension Plan (CPP), Employment Insurance (EI), income tax, medical insurance, union dues and contributions to company pension plans.
(e)	Calculate and verify accurate values for gross pay, deductions and net pay on a variety of pay stubs.
(f)	Discuss ways to deal with discrepancies in calculations on a pay stub which result in an inaccurate net pay.