Lesson 1: Income - Summary

   Summary

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Review what you have learned prior to completing the Lesson Assignment.

Key Ideas

  • Hourly pay is the most common type of pay and is based upon getting paid per hour.
  • Commission takes a percentage rate of the amount of goods sold as part or all of the pay to an employee.
  • Graduated piecework is when an employee makes more per item as they sell/produce more items.
  • Alberta labor standards state that overtime must be paid for any hours worked over 44 hours per week or 8 hours per day.

Key Terms



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