LO 1.2 - Household Income
Learning Intentions
By the end of this section you should be able to do the following
1. List the main source of income for a household
2. Explain the difference between regular and irregular income
3. Define the term BIK and explain why tax is paid
4. Calculate and interpret a wage slip
5. Differentiate between statutory and voluntary deductions
6. Prepare a house hold plan (House hold budget and revised budget)
1. List the main source of income for a household
2. Explain the difference between regular and irregular income
3. Define the term BIK and explain why tax is paid
4. Calculate and interpret a wage slip
5. Differentiate between statutory and voluntary deductions
6. Prepare a house hold plan (House hold budget and revised budget)
Videos
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Assessment - Matching Game
Assessment - Test
Additional Resources
Chapter notes |
Self Assessment - Quizlet |
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Click here to find an interactive game to help you with the definition for this chapter
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Powerpoint |
Playing Cards |
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Blooket
Click here to play an interactive gam on this learning outcome
Sound Files - MP 3
What is Income
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Regular v Irregular Income
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Income form employment
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Payment Received
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