1. The sad part of every job.

2.  Kevin is a new employee at MmmPizza. Each week he works 37.5 hours at $7 per hour.  What is his pay?  Stop complaining and get your calculator out.

3.  What if I told you his pay cheque was less than $225?

4.  No, you tell me.  No, don’t copy just listen.

5.  Income Tax – money the government takes from your income (pay).  The amount gets higher with the more you get paid.  EI – Employment insurance: money you pay so if you ever loose your job you can still have some money.  But only lasts a few months.  Can’t be fired or quit.  CPP – Canada Pension Plan: money saved for when you retire.

6.  Municipal – City level. (Halifax)  Provincial – Province level. (Nova Scotia)  Federal – Canadian Level. (Canada)

7.  Gross income – how much you are paid BEFORE you subtract the deductions.  Net income – how much you are paid AFTER you subtract deductions.

8.  Anyone in class have a S.I.N. card?  S.I.N. – Social Insurance Number. A number the government uses to keep track of your deductions because someone might have the same name as you.

9.  #3, 4, 5, 6, 7, 8.