Career and Work Exploration 10, 20, A30, B30
CWEX21
Module 21: Understanding Earnings (Core)
Outcome
Analyze components of a pay stub.
Indicators
(a) | Differentiate among the various types of pay periods for employees such as weekly, bi-weekly, semi-monthly and monthly, and discuss their impact on personal budgeting. |
(b) | Discuss methods of payment such as direct deposit, cash and cheque. |
(c) |
Identify the information that must be listed on a pay stub or statement of earnings as required by law (i.e., Part II Employment Standards in The Saskatchewan Employment Act, 2019). |
(d) | Differentiate among deductions that are required (i.e., income tax, Canadian Pension Plan and Employment Insurance), allowable (e.g., employee contributions to pension plans; charitable donations voluntarily made by an employee; and volunteer employee purchases from the employer for goods, services or merchandise) and illegal (e.g., deductions for alleged theft, damages, breakages and poor quality work). |
(e) | Calculate gross pay for various earning situations such as contract, hourly and commission. |
(f) | Identify strategies for dealing with a payroll error. |
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