Earning a Living - Your Paycheck

In this topic, you learned about the various types of earned and unearned income and about benefits and how they can add to your compensation by eliminating or reducing things that you have to pay for yourself. Many times a good benefits package can more than make up for a lower salary. You also learned how to calculate pay. It is important for you to know how to do this so you can make sure you are being paid the correct amount. This skill also helps you to budget because you have the ability to figure out how much you will receive each pay period even before you receive your check.