Code: 1.2.1 · Adults
Sources of Income
Descriptors
Knowledge
What you can do at this level
- Kresiliencedaily-lifelarge-majority
Knows about the sources of earned and unearned income, including available government benefits and the requirements for receiving them
- Kresiliencedaily-lifelarge-majority
Understands why an individual’s net income may fluctuate
- Kresiliencedaily-lifelarge-majority
Can identify legal ways to increase income
- Kdaily-lifelarge-majority
Understands how assets or investments can provide a source of income
Skill
What you can do at this level
- Sdaily-lifelarge-majority
Declares all sources of income to tax authorities
Attitude
What you can do at this level
- Adaily-lifelarge-majority
Comfortable discussing income with others when necessary
- Learning outcome types
- K — What you need to know: theoretical understanding and factual information.
- S — What you can do: practical and technical abilities.
- A — How you approach things: values, dispositions and behaviours.