Title: Differentiate among employment arrangements and sources of income.
Course: Economics and Personal Finance (19262-36) > Section: Demonstrating Knowledge of Income Earning and Reporting

Differentiation should include

- types of employment
  - full-time
  - part-time
  - independent contract
  - gig
  - piece work
  - contingent work
  - day labor work
  - freelance work
  - 1099 work
  - informal vs. formal
  - contract vs. permanent
  - the nature of the work
    - scheduling and flexibility
    - level of supervision
    - work from home options
  - applicable tax classification forms
- the advantages and disadvantages of each type of employment
- sources of income
  - salaries
  - hourly wages
  - overtime pay
  - tips
  - commissions
  - bonuses
  - piece rate pay
  - earned vs. unearned income.