Taxes and shit

0.0(0)
Studied by 0 people
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/9

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 5:24 PM on 6/4/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai

No analytics yet

Send a link to your students to track their progress

10 Terms

1
New cards

Wage

Hourly pay

2
New cards

Contract

Being payed for a full task, like $20 to shovel a driveway

3
New cards

Comission

Jeff gets payed 4.5% for car sales

4
New cards

Piecework

Mary gets payed $0.35 per lb for picking blueberries

5
New cards

Gross pay

Total income before taxes/deductions

6
New cards

Employment insurance

Everyone pays into this. If your layed off, can’t work cuz sick or injured, or maternity leave, you can get payed a percentage

7
New cards

Canadian Pension plan (C.P.P)

This is payed by anyone who is 18 and older. When you turn 65, you will recurve a pension from the feds.

8
New cards

Tax deductions

Things that lower your taxable income include money spent on tuition and medical expenses.

9
New cards

Tax credits

Reduces amount of taxes paid, including child tax credit, charitable donations, and RRSP contributions.

10
New cards

Job Benefits

Job benefits are split between you and your employer. Dental, extended health, Life disability, and pension.