Unit Award Scheme

115372 FINANCIAL MANAGEMENT (UNIT 3): PAYSLIPS AND INCOME

In successfully completing this unit, the Learner will have		Evidence needed
shown knowledge of
1	the purpose of payslips	Summary sheet
2	the difference between gross pay and net pay	Summary sheet
3	what deductions are shown on payslips and what these deductions are for	Summary sheet
4	what the national minimum wage is	Summary sheet
5	two benefits associated with being employed and two benefits of being self-employed	Summary sheet
6	where income comes from	Summary sheet
7	what disposable income is	Summary sheet
8	at least two different types of income	Summary sheet
9	the difference between hourly pay and salary.	Summary sheet

All outcomes recorded on an AQA Summary Sheet

Approved 24 May 2021Level - Entry Level