CTE Intro The World of Work Activity 2

CTE Intro The World of Work Activity 2

What's the Difference • Job • Occupation • Career Activity 2

JOB • A position with specific duties and responsibilities in a particular workplace. For example: A portrait photographer at Wal-Mart in Riverdale. Activity 2

Occupation • A cluster of jobs with common characteristics requiring similar skills. Example: Photographer Portrait Photographer Activity 2

Occupation • As was said before: A cluster of jobs with common characteristics requiring similar skills. Photo Journalist Activity 2

Career Newspaper Carrier • The totality of all work – paid and unpaid – one does in his or her lifetime. Doing the dishes Babysitting Taking out the trash Activity 2

Sky High Five 1. Change is Constant. 2. Learning is ongoing. 3. Focus on the journey. 4. Follow your heart. 5. Access your allies. Activity 2

CTE Intro What’s my Line Activity 3

Terms • Gross Monthly Income • Transferable Skill • Leisure Time Activity 3

Gross Monthly Income • This is the total income or earnings before deductions for taxes, insurance, or other expenses. Activity 3

Transferable Skill • This is the mastery of a skill that can be used in a variety of occupations. Activity 3

Leisure Time • This is spare time away from work to relax, enjoy hobbies, and participate in family activities. Activity 3

CTE Intro Reality Check Activity 4

Terms • Gross Monthly Income • Payroll Deduction • Net Monthly Income Activity 4

Gross Monthly Income • This is the total income or earnings before deductions for taxes, insurance, or other expenses. Activity 4

Payroll Deduction • Money subtracted from the gross monthly income by an employer. These include things such as taxes and insurance. Activity 4

Net Monthly Income • Earnings after deductions or your “Take-home pay. ” Activity 4

For Example: This sample check stub puts it all together! Activity 4

Monthly Payroll Information • Gross Monthly Income $3, 000 • Payroll Deductions of –Federal Tax $305. 00 –State Tax $160. 00 –Social Security/Medicare$230. 00 –Insurance $200. 00 • Payroll Deduction Total Net Monthly Income/Take-home Pay = = $895. 00 $2105. 00 Activity 4

Your Budget Example Worksheet $3, 000 $900 $3, 000 X __30%_ is the same as $3, 000 X __. 30_ 0000 9000_ $900. 00 Activity 4

Your Budget Example Worksheet $3, 000 $900 $2, 100 $3, 000 __900 $2100 Activity 4

Your Budget Example Rent: Pay to live there. Mortgage: To purchase the home over a number of years. (i. e. – 30 year mortgage means - ownership of the home after making payments each month for 30 years. ) Activity 4

Your Budget Example $1165 $33 Mortgage Worksheet $165 X __20%_ is the same as $165 X __. 20_ 000 330 $33. 00 Activity 4

Your Budget However the total has to be less than your net monthly income on letter sheet 4. 6 C Example $ 1165 Mortgage $165 $33 $350 $250 $15 Worksheet $1165 X __30%_ is the same as $40 $80 $0 $2098 If it is not, you will have to change things on this sheet only…until your monthly expenses are less than your net monthly income! $1165 X __. 30_ 0000 3495 $349. 50 The total is transferred to letter D on the budget sheet 4. 6 Activity 4

Your Budget Example Worksheet $3, 000 $900 $2, 100 $2098 $2 $2100 2098 $2 Something comes up every month that can slightly change the budget. Your teacher will come around with a chance card to mimic this. Hopefully, you will have money left to put in your savings! Activity 4

The End