Managing Income: US 24697

This resource helps students to understand gross and net pay, what affects net pay and how to know that net pay is accurate. It can also be used by teachers to deliver the Financial Capability Unit Standard 24697 ‘Perform income-related calculations for personal finances’ (Level 1, 2 Credits).

Level 1, Credits 2
15-20 hrs

Mathematics and Statistics

Social Sciences

Level 1 Financial Capability Unit Standard

$60
Led by teachers Training Available
Purchase this resource

Curriculum links

Financial Capability is a core generic domain on the New Zealand Qualifications Framework. This unit of work also has links to the Social Sciences and Mathematics and Statistics learning areas.

Students will:

  • Learn how to calculate gross income in different time periods.
  • Learn about factors that affect net pay
  • Calculate deductions from gross income
  • Determine the accuracy of net pay and correct inaccuracies
  • Complete practice activities for an assessment

Download includes:

  • Using Financial Capability Unit Standards
  • Interactive Student Workbook
  • Helpful information

Registered educators will also receive a Student Assessment and Assessors' Guidelines with their purchase. If you are unsure if this is you, please email us at support@youngenterprise.org.nz before your purchase.

Check you have the latest version here:

[Document ID] Resource Name
FC697-001-7 Student Work Book.pdf
FC697-004-4 Student Workbook Sample Answers.pdf
FC697-002-6 Student Assessment.pdf
FC697-003-7 Assessor Guidelines.pdf