TODAY'S AGENDA: We are learning how to approximate net income using an online payroll calculator.
1) Teacher-led demo.                                                                  
2) Complete pages 42, 43 (#2).                                                   
3) Use payroll calculator for #3 on page 45.                            

2.2 APPROXIMATING NET INCOME: Pages 42 - 45

GROSS PAY  is an employee's total earnings ($) before any deductions are taken off.   DEDUCTIONS  are costs such as income tax, EI (Employment Insurace), CPP (Canada Pension Plan) that are removed from total earnings.
Annual 
Gross Pay
Gross Weekly 
Earnings
Total 
Deductions
Net Weekly 
Earnings
Net Pay as a % of Gross Pay

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