Income sources and levels

What you can do at this level

• Kage:6-10

  Knows that there are different sources and forms of income

• Kage:6-10

  Understands that income differences exist between people

• Kage:11-15entrepreneurshipbecoming-an-adult

  Understands the characteristics and expected income levels of different jobs and career paths, including self-employment/entrepreneurship, to make first career choice with confidence

• Kage:11-15

  Realises that in some countries people have the right to a minimum wage when working

• Kage:16-18

  Understands what income tax is and how it is applied to income (the difference between gross and net income)

• Kage:16-18becoming-an-adult

  Aware of the basic legislation concerning employment wages and other income and confident to seek legal assistance when treated unfairly.

• Kage:16-18citizenship

  Realises that the state intervenes in various ways on individual income (with taxes, subsidies and social benefits)

What you can do at this level

• Sage:11-15citizenshipentrepreneurship

  Identifies different sources of income (e.g. income from work, financial income, rent, social benefits, profits from business, etc.) and understands that some sources may not be legal

• Sage:16-18entrepreneurshipbecoming-an-adult

  Considers the expected level of income when making a career choice or pursuing a business idea and is motivated to make choices/plans to achieve the income one expects to have in the future

What you can do at this level

• Aage:16-18becoming-an-adult

  Confident to discuss wage when applying for a job