Unit Award Scheme

108625 MONEY (UNIT 1): UNDERSTANDING EARNINGS

In successfully completing this unit, the Learner will have		Evidence needed
demonstrated the ability to
1	identify the minimum living wage for at least two age groups	Student completed work
2	identify one purpose Income Tax is used for	Student completed work
3	identify one purpose National Insurance is used for	Student completed work
4	identify two jobs which he/she could do	Student completed work
5	identify two qualities needed for the two jobs identified	Student completed work
6	calculate the weekly and yearly income for the two jobs identified	Student completed work
shown knowledge of
7	the fact that jobs carry different salaries	Summary sheet
8	the fact that the Minimum Living Wage varies according to age	Summary sheet
9	one way in which earnings are calculated	Summary sheet
experienced
10	using the internet for research	Summary sheet
11	using a calculator.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 29 September 2017Level - Entry Level