Embedded Files
Learning Intention: Explore what types of careers exist.
Learning Intention: Explore what types of careers exist.
Success Criteria
Success Criteria
2. I can identify key information from a pay slip.
3. I have found a job that I'm interested in and its income.
Do Now
Do Now
Complete the Salary vs Wages Worksheet to understand the different types of payments (page 6).
Learning Tasks
Learning Tasks
Have a go reading Ms Garlick's pay slip and pulling information by using the questions on the left to guide you (page 7),
Copy down the notes on how to read a pay slip.
Quick Heads or Tails Question: If you get a pay raise and you go into a higher tax bracket, you will be pay overall less in your net income?
Complete the "Finding Your Career" (page 8) using https://www.careers.govt.nz and the https://www.paye.net.nz/calculator/. If you're under sure of what career you might want, sign up and complete their Career Quest Survey or search on the careers website for jobs related to your interest (e.g. search sports or photography.)
Once you have the information about your career, go to your "My Budget" (page 35) and enter the gross pay, tax (PAYE) and net pay onto. Lastly, calculate how much net income you'll have each month and week.
Extra for the experts - How is a second, third income, etc taxed? Read this website.
Teacher Notes
Teacher Notes
Do Now Answers for the Salary vs Wages Worksheet.
For Task 1, I'm happy for other teachers to use my payslips but I find the kids really engaged when it's your own payslip because they find it interesting to know what their teacher makes and it helps build that relationship and model financial planning. Here are the Answers.
Task 3 - An important question to clarify the misconception that moving up tax brackets means you'll be paid less money over all. Always say yes to a raise because that statement is false. Use it as a quick chance to talk about the sliding tax system and also give students a warning to be careful when politicians advertise their new tax policies. Will it actually help you or just help the rich get richer? Will we lose public funding for things if taxes are cut.
I found students didn't quiet finish finding their jobs and adding their income to their budget, so this needs to roll over to Lesson 4.
Stress the importance of understanding the difference between gross and net income. Jobs are advertised with gross income. But the money they are actually working within their budget is the net income. People often forget this and then overestimate the money they have, making it easy to go into debt.
Page updated
Google Sites
Report abuse