Have students create their own notes. They need to find the definitions for income, gross income, wages, payroll period, regular pay, overtime pay, piecework earnings, salaries, commission. This can be done using a text book or the internet. For those who have already had a job or presently have a job, these terms may be familiar.
Have students do a written assignment to determine the various calculations.
Have students determine the difference between working on a commission, working for a commission plus a salary ,working for a wage and working for a salary.
Have students do a research paper on people that they know, the type of job that they have and the method of payment. Have them discuss the advantages and disadvantages of the various types of payments.
Present students with scenarios where they are the employer. Have them determine the best way to pay their employees. Reverse the scenario and have them be the employee and then determine which way they would prefer to be paid. Are the methods the same whether you are the employer or the employee. Discuss.